Regulatory Alerts2023-12-20
Directive No. 13/DRO/2023 on the Reporting of Employee Information by Financial Institutions
The Department of Regulation and Organization of the Financial System at the National Bank of Angola issued Directive No. 13/DRO/2023 to mandate financial institutions under its supervision to report final, quarterly employee statistical data within 30 days of each quarter's end. The directive requires submissions in Excel format via a designated email address, utilizing Annex I procedures and Annex II's standardized template to build a centralized national database. Non-compliance constitutes a punishable offense under existing financial laws, with the National Bank of Angola retaining authority to resolve interpretive doubts and enforce corrections within five days of identified errors.
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