Regulatory Alerts2017-07-10
Notice No. 06/2017 of July 10: Service Levels for Real-Time Operations
The Bank of Angola issued Notice No. 06/2017 to mandate enhanced service levels for real-time operations within the Multicaixa subsystem. The regulation requires participating financial institutions to maintain 24/7 real-time connectivity with strict downtime limits of one hour per week during daytime and seven hours per week during nighttime. Additionally, EMIS must ensure continuous processing capacity, and institutions must adapt their systems within 18 months or face penalties for non-compliance.
Share