Regulatory Alerts2016-01-22
Instruction No. 01-2016 of January 22: Regulation of the Clearing and Settlement Subsistemas of the Angola Payments System
The Bank of Angola issued Instruction No. 01-2016 to regulate the clearing and settlement subsistemas of the Angola Payments System and establish mandatory minimum risk containment measures. The document defines operational requirements for authorization, outlines the rights and duties of system operators and participants, and establishes a framework for penalties and liability limitations. It further mandates specific procedures for financial settlement, liquidity and credit risk control, and the management of the Automated Clearing House of Angola.
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