Regulatory Alerts2021-05-21
Directive No. 03-DIF-DRO-2021, May 21
The National Bank of Angola, through its Financial Inclusion and Financial System Regulation departments, issued Directive No. 03/DIF/DRO-2021 to mandate banking financial institutions to report statistical data on Simplified Bank Accounts electronically via the Financial Institutions Portal (FIP) or Excel/XML formats. The directive establishes strict submission deadlines, data parametrization requirements, and compliance mechanisms, including penalties for non-compliance under the General Regime of Financial Institutions Law. It further clarifies reporting procedures to the General Tax Administration (AGT) and grants the National Bank of Angola authority to resolve interpretive ambiguities, with immediate effect upon publication.
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