Regulatory Alerts2016-08-08
Instruction No. 08/2016 of August 8, 2016: Leases
The Bank of Angola issued Instruction No. 08/2016 to establish accounting procedures and disclosure requirements for leases in compliance with IAS 17. The document defines key lease terminology and mandates specific recognition, measurement, and classification rules for both financial and operating leases from the perspectives of lessors and lessees. It further regulates sale-and-leaseback transactions, credit risk mitigation via guarantees, and sets transitional provisions for implementation by supervised financial institutions.
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