Regulatory Alerts2016-08-08
Instruction No. 09-2016 of August 8, 2016 on Securities and Financial Instruments
The Bank of Angola issued Instruction No. 09-2016 to establish procedures for the recognition and measurement of securities and financial instruments by supervised Banking Financial Institutions in accordance with IAS 39. The directive mandates specific classifications, initial and subsequent measurement rules, and derecognition criteria while ensuring alignment with International Financial Reporting Standards. It supersedes conflicting regulations and enters into force upon publication, with full compliance required for institutions adopting IFRS starting from the 2016 fiscal year.
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