Rule · BNA · 22 Nov 2023
The Angolan Markets Department mandates all Bloomberg FXGO platform participants to integrate into Bloomberg Tradebook Singapore (BTBS) by December 31, 2023. Integration is free for entities possessing a Legal Entity Identifier (LEI) code, while others must pay USD 65.00 to obtain one through Bloomberg and complete a KYC questionnaire within approximately two weeks. Failure to comply with these integration requirements will result in the suspension of trading privileges on the Bloomberg FXGO platform.
CIRCULAR LETTER NO. 09/2023
SUBJECT: FOREIGN EXCHANGE MARKET
CONTINUATION OF CIRCULAR LETTER NO. 09/DME/2023 page 2 of 2 allows the unequivocal international identification of any participant in financial markets, thereby contributing to transparency and increased confidence in the counterparties of financial transactions, as well as mitigating risks of market abuse, financial fraud, money laundering, and terrorism financing.
3. Market participants who do not possess an LEI code may obtain it
through Bloomberg, at a cost of USD 65.00, by accessing the link https://lei.bloomberg.com
4. For integration into Bloomberg Tradebook Singapore Pte Ltd (BTBS), market participants must respond to a questionnaire that will be
shared by the Bloomberg Team for KYC purposes, and in case of full compliance, integration will be confirmed within an estimated average period of approximately 2 weeks.
5. Failure to complete the integration process by market participants will result in the inability to trade via the Bloomberg FXGO platform.
6. This Circular Letter takes effect on the date of its publication.
Luanda, November 22, 2023.
MARKETS DEPARTMENT
Tania Patrícia de Oliveira Mendes Lopes
-Director-
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