Regulatory Alerts2022-10-20
Circular Letter No. 09/2022, dated October 20, 2022
The Banco Nacional de Angola mandates Banking Financial Institutions to submit a replacement matrix for Board of Directors and Executive Committee members, including substitute contact details, by October 31, 2022. Institutions must continuously update this matrix whenever administrative body members change or become impeded, reporting such updates within two business days of the triggering event. Any ambiguities arising from these requirements are resolved by the central bank, and this circular takes effect upon publication.
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