Regulatory Alerts2023-10-25
Directive No. 10/DOB/2023, dated October 23
The National Bank of Angola's Banking Operations Department issued Directive No. 10/DOB/2023 to require Banking Financial Institutions to submit updated authorized signature books and correspondent bank details for managing reserve accounts. The directive mandates periodic submissions by the last business day of each semester, alongside a five-business-day reporting window for executive body changes. Non-compliance constitutes a punishable offense under the General Regime of Financial Institutions Law, with all interpretive disputes resolved by the National Bank of Angola.
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