Regulatory Alerts2019-01-11
Notice No. 2/2019 of January 11
The Bank of Angola, through the National Press Office, issued Notice No. 2/2019 to establish prior reporting requirements and standardized formats for participating banking financial institutions contributing to the Deposit Guarantee Fund. The notice mandates that these institutions implement information systems capable of transmitting complete, per-depositor electronic reports within three business days, alongside physical submissions and semi-annual system responsiveness reports. It further defines precise data models, encryption mechanisms, penalty frameworks for non-compliance, and transitional deadlines to ensure timely reimbursement coverage and continuous fund operations.
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