Regulatory Alerts1995-09-26
Notice No. 10/1995 of September 27
Issued by the Governor of the National Bank of Angola, Notice No. 10/1995 mandates that all financial institutions, including foreign branches, publish their annual balance sheet, income statement, and fixed asset inventories in the Official Gazette and a major national newspaper within 120 days of fiscal year-end. The regulation further requires that a copy of these documents, along with the Board of Directors' report and the Supervisory Board's opinion, be submitted to the Banking Supervision Directorate within ten days of publication. Non-compliance with these disclosure and submission deadlines is explicitly subject to administrative sanctions under Law No. 5/91 of April 20.
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