Regulatory Alerts2025-06-19
Standardized Information Sheet Regulation (NAP)
The Central Bank of São Tomé and Príncipe has issued Permanent Application Standard R.D. 99 to establish minimum information duties for authorized financial institutions regarding loan contracts, mandating standardized pre-contractual sheets, contract drafts, and ongoing disclosures to ensure transparency and informed client decisions. The regulation defines key financial metrics—including nominal and effective annual rates, spreads, fees, and charges—and requires institutions to provide complete, accurate, and legible information throughout the negotiation, conclusion, and term of credit agreements. It further specifies delivery timelines, digital communication options, sanction regimes for non-compliance, and transitional rules for existing loans, ensuring harmonized and comparable credit offers across the financial sector.