Regulatory Alerts2014-09-04
Regulation (NAP) – Open Market Operations
The Central Bank of São Tomé and Príncipe (BCSTP) issued this Permanent Application Regulation to establish the legal framework for open market operations, defining their types, execution modalities, collateral requirements, and auction procedures. It mandates that participating credit institutions access these liquidity absorption and lending facilities through fixed-rate or variable-rate auctions, bilateral procedures, or BCSTP securities issuance. The regulation further outlines access conditions, settlement processes, and sanctions for non-compliance to ensure effective monetary policy implementation and market stability.
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