Regulatory Alerts2019-01-09
Joint Directive No. 07/DSB/DRO/DMA-2018, dated January 2, 2019
The Banking Supervision, Financial System Regulation, and Assets Market Departments of the National Bank of Angola jointly issued Joint Directive No. 07/DSB/DRO/DMA-2018 to mandate daily electronic reporting of commercial banks' foreign exchange positions via the SSIF system. The directive establishes a 5% overall limit for long and short positions, requires calculation in Euros using the day's reference average exchange rate, and obligates banks to immediately sell any excess positions either in the interbank market or directly to the central bank. It revokes Directive No. 05/DSB/DRO/DMA-2018 and takes effect upon publication, with detailed reporting templates provided in Annexes I and II.
Share