Regulatory Alerts2022-08-11
Instruction No. 09/2022 of August 10, Payments System of Angola: Direct Debit System
The Central Bank of Angola issued Instruction No. 09/2022 to mandate Banking Financial Institutions' adherence and active participation in the Direct Debit System (SDD) within national currency operations. The directive defines key roles, including Creditor and Debtor Banks, establishes operational governance under EMIS, and requires full certification and service disclosure within 120 days of publication. Non-compliance triggers sanctions under existing payments and financial institution laws, with the Central Bank retaining authority to suspend participants or resolve interpretative disputes.
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