Regulatory Alerts2022-08-04
Circular Letter No. 06/2022, dated August 3
The National Bank of Angola mandates that financial institutions seeking to participate in Private Credit Information Centers (PCICs) as shareholders, subscribers, or information providers must obtain prior authorization and submit specific documentation, including their application, contractual agreement, capital percentage, investment value, and organizational structure. Additionally, when acting as information providers, these institutions must secure client consent to share credit data, guarantees, and sureties. The National Bank of Angola retains authority to resolve any ambiguities or omissions arising from these requirements, with the circular taking effect upon publication.
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