Regulatory Alerts2017-01-30
Instruction No. 03-2017 of January 30: Reporting on Prudential Limits for Large Exposures
The Bank of Angola issued Instruction No. 03-2017 to mandate financial institutions to report data on their large exposures and holdings in non-financial enterprises using specified forms. Institutions must submit individual reports monthly and consolidated group reports quarterly, ensuring all values are converted to Kwanzas and justified by supporting documentation. Non-compliance with these prudential reporting requirements constitutes an offense punishable under the Basic Law of Financial Institutions.
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