Regulatory Alerts2011-07-13
Notice No. 06/2011 of July 13
The Bank of Angola issued Notice No. 06/2011 to adjust the fixed asset limit for supervised financial institutions, capping net investments at 100% of Regulatory Own Funds. Institutions exceeding this limit face branch-opening restrictions and must submit a regularization plan within 30 days, with execution not exceeding six months. Non-compliance triggers sanctions under the Financial Institutions Law and repeals conflicting provisions, specifically Notice No. 07/2007.
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