Regulatory Alerts2023-07-03
Notice No. 05/2023 of June 29
The Banco Nacional de Angola issued Notice No. 05/2023 to establish and adjust the minimum share capital requirements for Non-Bank Financial Institutions under its supervision. The regulation specifies tiered capital thresholds ranging from Kz 1,000 to Kz 100 million across eight categories, including Exchange Houses, Payment Service Providers, and Microfinance Institutions. It further mandates the establishment of special reserves for Payment Service Providers, permits capital increases through share issuance or reserve incorporation, and revokes the previous Notice No. 12/2022 to ensure immediate compliance upon publication.
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