Regulatory Alerts1994-05-02
Notice No. 07/94 of 2 May
The National Bank of Angola increases the minimum fully paid-up share capital for Exchange Houses to 7 billion new Kwanzas, formally amending Article 2 of Notice No. 6/92. This notice immediately enters into force and explicitly repeals Notice No. 14/93 of 24 December to enforce the updated financial requirement. The directive mandates immediate compliance to align exchange house capitalization with current monetary regulations.
NOTICE No. 07/94 OF 2 MAY Considering the need to update the minimum share capital of Exchange Houses provided for in Notice No. 6/92 of 12 August; In exercise of the powers attributed to the National Bank of Angola under Articles 16 and 43 of Law No. 4/91 of 20 April 1; I HEREBY DETERMINE: Article 1 Paragraph (c) of Article 2 of Notice No. 6/92 of 12 August shall read as follows: "To maintain a minimum share capital fully paid up in cash of not less than NKZ:7.000.000.000.00 (seven billion new Kwanzas)."
Article 2 This notice enters into force immediately and repeals Notice No. 14/93 of 24 December.
PUBLISHED LUANDA, 7 MAY 1994 THE GOVERNOR