Regulatory Alerts2015-12-24
Notice No. 11/2015 of December 24, 2015: Classification of Subsystems of the Angola Payment System
The National Bank of Angola issued Notice No. 11/2015 to update the regulation of the Angola Payment System (SPA) by classifying its compensation and settlement subsystems into systemic and relevant categories to enhance risk control mechanisms. The notice defines the responsibilities of subsystem operators, mandates adherence to specific BIS and IOSCO principles, and establishes the regulatory oversight and authorization procedures for these financial infrastructures. It also revokes previous regulations and sets a thirty-day entry into force period following publication.
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