Regulatory Alerts2017-01-29
Instruction No. 03-2017 of January 30
The Governor of the Banco Nacional de Angola issued Instruction No. 03-2017 to regulate the reporting of large exposure limits and holdings in non-financial companies by supervised financial institutions. The directive mandates that institutions submit individual monthly and consolidated quarterly reports using specific annexed forms, while requiring parent companies to report on a consolidated basis. Non-compliance with these mandatory norms constitutes a violation punishable under the Legal Framework of Financial Institutions.
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