Regulatory Alerts2013-07-11
Notice No. 12/2013 on the Authorization of Statutory Amendments
The National Bank of Angola issues this Notice to establish the requirements and procedures for authorizing statutory amendments, including changes to corporate name, object, legal form, registered office, share capital, and quota transfers, for financial institutions under its supervision. The regulation mandates completed application forms, specifies that insufficient documentation or excessive submission delays may lead to refusal, and sets a decision notification window of 30 to 60 days with tacit rejection applying if deadlines are missed. Furthermore, it requires official documents to remain valid for no more than three months and mandates Portuguese translations with certification for foreign-language submissions, while aligning capital increase participations with existing merger and demerger rules.