Regulatory Alerts2017-06-08
Notice No. 13/GBM/2017 of June 8 - Regime of Commissions and Charges for Financial Services and Respective Nomenclature (Annex)
The Bank of Mozambique issues Notice No. 13/GBM/2017 to establish the standardized nomenclature for commissions and charges applicable to financial services. The document provides a comprehensive coding system covering banking accounts, deposits, cards, ATMs, POS terminals, checks, transfers, and credit facilities. This framework mandates transparency by defining specific codes and justifications for every fee, ensuring consistent reporting across credit institutions.
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