Regulatory Alerts2024-12-17
Directive No. 07/2024, dated December 16
The Bank of Angola’s Department of Regulation and Organization of the Financial System issued Directive No. 07/2024 to mandate that Microcredit Operators submit accumulated quarterly statistical reports via a standardized Excel template by the fifteenth day following each quarter’s end. The Directive requires final, error-free data submitted to a designated electronic address, with strict technical formatting rules for decimals, thousands, and non-numeric fields outlined in Annex I. Non-compliance triggers special registration cancellation, while the Bank retains authority to resolve interpretive disputes and enforce corrections within five days of notification.
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