Summary of Mozambican Regulatory Acts: Supreme Court Internship Rules, Bank of Mozambique Payment Network and Investor Qualification Notices

SUMMARY Supreme Court: Resolution No. 1/TS/CJ/2026: Approves the Regulation on Standards and Procedures Applicable to Internships in Judicial Courts for final-year students and recent law graduates. Bank of Mozambique: Notice No. 2/GBM/2026: Establishes the rules for connection to the single payment network, hereinafter designated as the "National Single Network" and revokes Notice No. 2/GBM/2015, of April 22. Notice No. 3/GBM/2026: Establishes the rules regarding the qualification of investors in the securities market. Communications Regulatory Authority: Resolution No. 2_BR/CA/INCM/2026: Approves the regime applicable to the sending of A2P (Application-to-Person) SMS, including PROMO (promotional/commercial), TRANS/SERV (transactional, service/support and informational) messages.

Tuesday, June 2, 2026 | SERIES I — Number 103

SUPREME COURT Resolution No. 1/TS/CJ/2026 of March 27

Given the need to regulate internships in Judicial Courts for final-year students and recent law graduates, under the provisions of Articles 94 and 96, letter d), both of Law No. 24/2007, of August 20 – Judiciary Organization Law, with the amendments introduced by Law No. 24/2014, of September 23, and also Law No. 11/2018, of October 3, the Judicial Council, resolves:

Article 1. The Regulation on Standards and Procedures Applicable to Internships in Judicial Courts for final-year students and recent law graduates, attached hereto, is approved, which constitutes an integral part of this Resolution.

Art. 2. This Resolution enters into force on the date of its publication.

Publish. Supreme Court, on March 27, 2026. – The President, Adelino Manuel Muchanga.

Regulation on Standards and Procedures Applicable to Internships in Judicial Courts for Final-Year Students and Recent Law Graduates

CHAPTER I General Provisions

Article 1 Object This Regulation establishes the legal regime for the academic and professional internship to be carried out in the judicial courts of the Republic of Mozambique, defining its nature, objectives, competencies, duties, functional limits, and disciplinary regime.

Article 2 Nature of the Internship

1. The internship is exclusively formative in nature.
2. The internship does not create an employment bond with the State.
3. The internship does not confer decision-making powers nor replace functions inherent to judicial magistrates or Justice officials.

Article 3 Objectives The objectives of the internship are: a) To provide complementary practical training to academic formation; b) To develop legal research and procedural analysis skills; c) To promote a culture of ethics, independence, and judicial responsibility; and d) To bring legal education closer to judicial practice.

CHAPTER II Admission and Protocol

Article 4 Admission Requirements

1. The following may apply for internships in judicial courts: a) Final-year students of the Law course, duly enrolled and with a grade equal to or higher than ten values in the accumulated curricular average; b) Law graduates for no more than three years from the date of application;

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8. Violation of any of the prohibitions provided for in this article constitutes a serious offense, determining: a) Immediate cessation of the internship, by decision of the Court President; b) Notification of the fact to the intern's educational institution; c) Disciplinary, civil, and potentially criminal responsibility of the intern, under general law; and d) Disciplinary responsibility of the Guiding Magistrate who tolerated, facilitated, or failed to report the irregular situation, under the Statute of Judicial Magistrates.

9. The intern is expressly informed, on the first day of the internship and in writing, of the full content of this article, and must sign a declaration of acknowledgment that becomes part of the individual internship file.

CHAPTER V Duties and Ethics

Article 14 Duty of Confidentiality

1. The intern is subject to an absolute duty of confidentiality.
2. Disclosure, reproduction, or sharing of any procedural information is prohibited.
3. The duty remains in effect even after the end of the internship.

Article 15 Declaration of Commitment Before the start of activities, the intern must sign: a) Confidentiality declaration; b) Declaration of non-existence of conflict of interest; and c) Commitment to respect the principles of judicial independence and impartiality.

Article 16 Conflict of Interest The intern must declare any family, professional, or academic ties that could compromise impartiality.

CHAPTER VI Data Protection and Security

Article 17 Controlled Access

1. Access to case files is limited to cases expressly authorized.
2. Access may be restricted to copies with sensitive data redacted.

Article 18 Prohibition of Unauthorized Records It is prohibited, for benefit outside the services: a) Photographing case files; b) Digitizing documents; c) Using personal devices to store procedural data; and d) Sending documents to personal emails or social networks.

Article 19 Responsibility Violation of confidentiality rules may imply: a) Immediate cessation of the internship; b) Disciplinary responsibility; c) Civil responsibility; and d) Criminal participation, under the law.

CHAPTER VII Evaluation and Certification

Article 20 Evaluation The intern is evaluated based on: a) Technical rigor; b) Ethics and responsibility; c) Attendance; and d) Analytical capacity.

Article 21 Certification Completion of the internship results in a certificate issued by the President of the Internship Court.

CHAPTER VIII Final Provisions

Article 22 Gratuity The internship is free of charge.

Article 23 Termination The internship may be terminated at any time by either party, with prior notice of 15 days.

Article 24 Entry into Force This Regulation enters into force on the date of its publication.

BANK OF MOZAMBIQUE Notice No. 2/GBM/2026 of June 2

Given the need to reinforce the rules concerning information mechanisms related to the operation and implementation of the connection of internal banking operations management systems of credit institutions and financial societies to the National Single Network, the Bank of Mozambique, under the provisions of paragraph 1 of Article 22 of Law No. 20/2020, of December 31, Law of Credit Institutions and Financial Societies, determines:

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740 SERIES I — NUMBER 103

CHAPTER I General Provisions

Article 1 Object This Notice establishes the terms and conditions for the connection of internal banking operations management systems to the National, Common, and Shared Single Payment Network, hereinafter designated as the "National Single Network".

Article 2 Scope This Notice applies to credit institutions and financial societies authorized to offer products and provide electronic payment services, including mobile financial services, as well as to the Operator of the National Single Network.

Article 3 Definitions The definitions in this Notice are contained in the glossary, attached hereto, which forms an integral part of it.

Article 4 Precondition for providing electronic payment products and services

1. Credit institutions and financial societies must, after authorization of their constitution by the Bank of Mozambique and as a condition for starting the provision of electronic payment products and services, including mobile financial services, connect to the National Single Network.
2. The electronic payment terminals of credit institutions and financial societies must be installed through the National Single Network.

Article 5 Duty to inform

1. Credit institutions, financial societies, and the operator of the National Single Network must provide the Bank of Mozambique with real-time information regarding the connection status to the National Single Network.
2. The Bank of Mozambique establishes, by Circular, the elements, conditions, and periodicity of the information provided for in the previous paragraph.

CHAPTER II Responsibilities of credit institutions, financial societies, and the single network operator

Article 6 Responsibilities of Credit Institutions and Financial Societies

1. Credit institutions and financial societies must, inter alia: a) Create the necessary conditions for their connection, migration, and installation of electronic payment terminals to the National Single Network, within the established deadlines and conditions; b) Provide the Operator of the National Single Network with the information necessary to fulfill its responsibilities provided for in Article 7, whenever requested; c) Respect the confidentiality of information whose knowledge arises from their participation in the National Single Network; d) Maintain a minimum state or period per day of connection of their internal banking operations systems to the National Single Network, in order to guarantee the availability of electronic payment services; e) Report to the Bank of Mozambique, in real time, the availability status of their services and the connection of their internal banking operations systems to the National Single Network; f) Collaborate for the proper functioning of the National Single Network.

2. Credit institutions and financial societies authorized to provide electronic payment services, including mobile financial services, must report to the Bank of Mozambique, within 60 minutes of occurrence, regarding the unavailability of any payment service lasting more than 10 minutes.

3. The Bank of Mozambique establishes, by Circular, the elements, conditions, and operational procedures related to the previous paragraphs.

Article 7 Responsibilities of the Operator of the National Single Network Without prejudice to the principles of organization and functioning established in their respective statutes and other applicable legal instruments, the Operator of the National Single Network must, inter alia: a) Manage the National Single Network; b) Disclose access and functioning procedures of the National Single Network to credit institutions and financial societies; c) Ensure and coordinate the connection process to the National Single Network, as well as the installation or migration of electronic payment terminals; d) Make available to credit institutions and financial societies payment products and services and terminal network management services; e) Ensure the confidentiality of information obtained in the exercise of its functions; f) Present to the Bank of Mozambique information on service functioning procedures prior to their implementation and statistical information; g) Correct, in a timely manner, anomalies identified or reported by credit institutions and financial societies in the functioning of the National Single Network system, for the correct functioning of payment products and services; h) Report to the Bank of Mozambique, within 60 minutes of occurrence, regarding the unavailability of any payment service lasting more than 10 minutes.

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Article 8 Development of new electronic payment products and services

1. Electronic payment products and services developed by credit institutions and financial societies must be implemented on the National Single Network.
2. The Operator of the Single Network ensures, in coordination with credit institutions and financial societies, the realization of developments aimed at implementing the products and services referred to in the previous paragraph.
3. The Operator of the Single Network must communicate, in writing, to the credit institution or financial society, the deadline for implementation and availability by the National Single Network of the financial products and services.

Article 9 Risk Management The Annexes I and II of the Risk Management Guidelines and Risk Management Guidelines – Information Technology Risk, approved by Notice No. 4/GBM/2013, of September 18, apply to the Operator of the National Single Network, with the necessary adaptations.

Article 10 Mitigation measures and incident management

1. The Operator of the National Single Network must establish a framework with mitigation measures and adequate control mechanisms to manage operational and security risks related to the National Single Network.
2. The Operator of the National Single Network must establish and maintain effective incident management procedures, including for the detection, classification, response, and reporting of operational and security incidents of a severe nature or with systemic impact.
3. The operational and security incident management framework, as well as detection metrics and criteria, must be reviewed at least once a year, in order to ensure its adequacy to emerging threats and risks.
4. Credit institutions and financial societies connected to the National Single Network must maintain and periodically test their business continuity and disaster recovery plans (Disaster Recovery Plan - DRP), with the participation of other network stakeholders.
5. The plans referred to in the previous paragraph must establish Recovery Time Objective (RTO) and Recovery Point Objective (RPO) parameters compatible with the systemic risk associated with their operations and with the availability and integrity requirements of the National Single Network.
6. Continuity and recovery tests must be carried out annually, and the results must be communicated to the Bank of Mozambique by March 31 of each year.

CHAPTER III Transitional and Final Provisions

Article 11 Integration and migration of electronic payment terminals Credit institutions and financial societies existing on the date of entry into force of this Notice must integrate or migrate their fleet of electronic payment terminals to the National Single Network within a period of three months.

Article 12 Revocation Notice No. 2/GBM/2015, of April 22, is revoked.

Article 13 Sanctioning Regime Violation of the provisions of this Notice constitutes a misdemeanor punishable under Law No. 20/2020, of December 31.

Article 14 Clarification of doubts Doubts regarding the interpretation and application of this Notice must be submitted to the Banking Services and Payment Systems Department of the Bank of Mozambique.

Article 15 Entry into Force This Notice enters into force ninety days from the date of its publication.

Bank of Mozambique, in Maputo, May 14, 2026. – The Governor, Rogério Lucas Zandamela.

Glossary Installation of electronic payment terminals: configuration of electronic payment terminals of credit institutions and financial societies not yet connected to any network. Connection to the National Single Network: physical and logical connection between the internal banking operations management systems of credit institutions and financial societies and those of the National Single Network. Location where there is an electronic payment terminal: interior or exterior of the credit institution or financial society agency, where an Automated Teller Machine (ATM) is operating, as well as the establishment where a Point of Sale (POS) terminal is operating. Migration of electronic payment terminals: configuration or reconfiguration of electronic payment terminals of credit institutions and financial societies to the National Single Network. Single Network Operator: entity responsible for the management of the National Single Electronic Payments Network, designated as Sociedade Interbancária de Moçambique, SA (SIMO). Electronic payment products and services: all those provided to the public by credit institutions and financial societies, through electronic payment terminals (Automated Teller Machines – ATM), (Point of Sale Terminals – POS), and others. National Single Electronic Payments Network or "National Single Network": a national, exclusive, common, and shared technological solution, used by credit institutions and financial societies, whose function consists in the management of all electronic transactions, including the management of information related to cards, electronic channels, other electronic payment instruments, as well as terminals and electronic payment services, including mobile financial services provided by entities connected to it.

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742 SERIES I — NUMBER 103 Internal banking operations management systems: computer systems whose function consists in managing the operations of clients of credit institutions and financial societies. Electronic payment terminals: Automated Teller Machines (Automated Teller Machine – ATM) and other types of terminals that allow the performance of various banking operations and payment services.

Notice No. 3/GBM/2026 of June 2

Given the need to establish rules for investor protection in the securities market, the Bank of Mozambique, in its capacity as regulatory and supervisory authority, under the competence conferred by paragraphs 1 and 3 of Article 4 of the Securities Market Code approved by Decree-Law No. 4/2009, of July 24, determines:

CHAPTER I General Provisions

Article 1 Object

1. This Notice establishes the rules regarding the qualification of investors in the securities market.
2. This Notice also establishes the duties of financial intermediaries in categorizing and providing information to investors.

Article 2 Scope This Notice applies to financial intermediaries within the securities market.

Article 3 Definitions For the purposes of this Notice, it is considered: a) Financial intermediaries – Legal entities legally qualified to exercise, professionally, some financial intermediation activity in the securities markets and authorized by the Bank of Mozambique; b) Professional investor – One who has the experience, knowledge, and competence necessary to make their own investment decisions and properly weigh the risks incurred; and c) Securities – Shares, bonds, public funds, units of participation in investment funds, and any other values, regardless of their nature or form of representation, even if merely book-entry, legally issued by any entities, public or private, in homogeneous sets that confer identical rights to their holders, and that are legally susceptible to negotiation in an organized market. For the purposes of this Notice, financial instruments are treated as equivalent to securities.

CHAPTER II Categorization of investors

Article 4 Category of investors Investors within the securities market are categorized as non-professional investor or professional investor.

Article 5 Investor categorization policy

1. Financial intermediaries must establish, in writing, a policy that allows knowing the profile of each investor as a non-professional or professional investor, which must contain, at minimum: a) Categorization criteria; b) Operational procedures for the attribution and registration of the category; c) Documents required from the investor to support the classification; and d) Periodicity of review of the assigned category.

2. Financial intermediaries must have the investor's category duly registered and updated in their systems or processes.

3. The financial intermediary may, with the written consent of the investor, categorize any professional investor as a non-professional investor.

Article 6 Categorization as non-professional investor

1. Categorization as a non-professional investor depends on a written agreement between the financial intermediary and the investor, in which the scope, operations, services, and financial instruments to which it applies must be defined.
2. In the absence of stipulation provided for in the previous paragraph, it is presumed that the agreement applies to all operations, services, and financial instruments.
3. The investor or financial intermediary may terminate the agreement referred to in paragraph 1, by written communication, the effects of which take place five days from the date of receipt of the communication.

Article 7 Investment limits for non-professional investors

1. Non-professional investors may invest in securities, within the following limits: a) The amount in complex or high-risk products cannot exceed 10% of the net annual income or 10% of the net financial wealth of the investor; b) Total investment in public offerings, collaborative financing of securities, or similar instruments cannot exceed two million meticais per year; c) For shares, bonds, units of participation in funds, no limits apply, without prejudice to adequacy and risk assessment rules.

2. Non-professional investors must provide a written declaration to the financial intermediary regarding

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