Regulatory Alerts2023-02-28
Instruction No. 03/2023 on Auxiliary Tables for the Financial Institutions Chart of Accounts
The National Bank of Angola issued Instruction No. 03/2023 to establish and update standardized codes for five auxiliary tables governing the Chart of Accounts for Banking and Non-Banking Financial Institutions. The directive mandates regulated entities to apply specific classifications for institutional sectors, financial instruments and transactions, economic activities, guarantees, and provincial or municipal locations when recording operations. Financial institutions must fully implement these coding requirements within sixty days of the instruction's publication date.
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