Regulatory Alerts2022-06-27
Instruction No. 07/2022 of June 27: Conduct of Open Market Operations by Non-Bank Entities
The Banco Nacional de Angola issued Instruction No. 07/2022 to expand eligibility for non-bank entities, including insurance companies, pension funds, and state bodies, to participate in Open Market Operations. The directive requires eligible operations to have maturities exceeding 60 days and mandates that applicants submit authorization requests via email to the Markets Department, designate a commercial bank clearing account, and open an operational account in the SIGMA system. Following evaluation within five business days, approved entities gain direct access to occasional liquidity regulation operations under the current Monetary Policy Operational Framework.
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