Regulatory Alerts2017-02-03
Notice No. 01/2017 of February 3: Procedures for Securities Market Investments by Non-Resident Entities
The Governor of the Banco Nacional de Angola issued Notice No. 01/2017 to establish procedures for non-resident entities to invest in Angolan securities markets using foreign funds. The regulation mandates that all transactions be conducted through authorized banking institutions, requires specific documentation for capital repatriation and dividend transfers, and imposes strict record-keeping and verification duties on financial intermediaries. Non-compliance with these provisions is punishable under Angolan foreign exchange and financial institution laws.
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