Regulatory Alerts2016-08-08
Instruction No. 06-2016 of August 8 on Disclosures of Financial Instruments
The National Bank of Angola issued Instruction No. 06-2016 to establish specific procedures for banking financial institutions regarding disclosures of financial instruments under IFRS 7. The directive mandates the use of standardized reporting templates in Annex I to ensure consistent presentation of fair value, risk exposures, and hedge accounting. It requires institutions to apply these rules starting from the 2016 fiscal year, prioritizing International Accounting Standards Board standards in case of any conflict.
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