Regulatory Alerts2018-12-06
Directive No. 06-DMA-2018, of December 7
The National Bank of Angola, through its Assets Markets Department, issues Directive No. 06-DMA-2018 to mandate Commercial Banks to daily report interbank foreign exchange operations via the Financial Institutions Supervision System (SSIF) in XML format, with specific submission deadlines of 12:00 and 16:30 for morning and afternoon trades. The directive assigns reporting responsibility to the selling bank, permits Excel submissions via email as a transitional measure, and establishes penalties for omission or late reporting under existing financial and foreign exchange laws. It enters into force immediately, with the Assets Markets Department responsible for clarifying any interpretative doubts regarding its application.
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