Regulatory Alerts2021-10-28
Instruction No. 17/2021 of October 27
The Banco Nacional de Angola issued Instruction No. 17/2021 to establish technical capital requirements for settlement and incomplete transaction risks, mandating banking financial institutions under its supervision to calculate regulatory capital deductions or requirements based on agreed settlement prices, market values, and counterparty risk weights. The directive specifies distinct capital factors ranging from 8% to 100% depending on the number of business days elapsed post-settlement, and requires quarterly individual and consolidated reporting through designated forms. Compliance is mandatory from December 31, 2021, with non-compliance constituting a punishable offense under the General Regime for Financial Institutions Law.
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