Regulatory Alerts2013-04-22
Notice No. 03/2013 (March 22) on Prudential Consolidated Supervision
Banco Nacional de Angola issued Notice No. 03/2013 to establish the scope and requirements for prudential supervision on a consolidated basis across financial groups. The regulation mandates parent companies to apply consolidated supervisory frameworks, defining control relationships, consolidation perimeters, and specific reporting obligations for own funds, prudential ratios, and internal controls. It further grants the central bank authority to expand or exclude entities from the consolidation perimeter, impose additional technical requirements, and enforce compliance through fines under the Financial Institutions Law.
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