Regulatory Alerts2018-12-06
Added · Updated
Directive No. 06-DMA-2018, of December 7
The National Bank of Angola's Assets Markets Department issued Directive No. 06-DMA-2018 to adjust the process for determining primary market reference exchange rates and commercial bank pricing. The directive mandates that commercial banks daily submit interbank foreign exchange transaction data to the central bank via XML through the Financial Institutions Supervision System, or via Excel until full system integration. Non-compliance with these submission deadlines and requirements incurs penalties under existing financial framework and foreign exchange laws, as well as specific regulatory notices.
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