Regulatory Alerts2020-02-28
Notice No. 05/2020 of 28 February
The National Bank of Angola issues Notice No. 05/2020 to establish mandatory information duties, conduct rules, and marketing requirements for banking financial institutions commercializing dual and indexed deposits. The regulation mandates pre-contractual Information Sheets, capital guarantees, transparent remuneration structures, and strict advertising standards to ensure clients receive clear, accurate data for informed decision-making. Furthermore, it outlines periodic reporting obligations, supervisory validation procedures, and sanctions for non-compliance under the Framework Law on Financial Institutions.
Share