Regulatory Alerts2018-04-18
Notice No. 3/GBM/2018, April 18 – Regulation on the Advertising of Financial Products and Services
The Bank of Mozambique issued Notice No. 3/GBM/2018 to approve a comprehensive Regulation governing the advertising of financial products and services by supervised credit institutions and financial companies. The Regulation mandates strict transparency, truthfulness, and balanced information disclosure across all media, while defining restricted-use expressions, mandatory mentions, and product-specific requirements for housing credit, consumer credit, and deposits. It establishes clear supervision procedures, campaign reporting obligations within 15 days, and a sanctioning regime for non-compliance to protect consumers and ensure market efficiency.
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