Regulatory Alerts2022-02-08
Notice No. 05/2022 of 3 February on Payment Arrangements of the Angola Payments System
The Banco Nacional de Angola issued Notice No. 05/2022 to establish operational rules, authorization procedures, and participation criteria for payment arrangements within the Angola Payments System (SPA). The regulation mandates that all open, closed, and limited payment arrangements obtain prior approval, maintain publicly accessible rulebooks, and implement strict operational, security, and interoperability standards to mitigate financial and fraud risks. It further outlines the supervisory powers of the central bank, including the authority to suspend or revoke arrangements, while defining the distinct responsibilities of operating entities, participants, and stakeholders regarding compensation, settlement, and cross-system connectivity.