Regulatory Alerts2016-11-14
Regulation (NAP) - Reallocation of Portfolios at the Central Bank of São Tomé and Príncipe
The Central Bank of São Tomé and Príncipe issued Permanent Application Regulation (NAP) No. 019/2016 to reallocate its Structural Units across five administrative portfolios assigned to Board of Directors members. The regulation places the Governor’s Office, Consultancy, Legal, Internal Audit and Compliance, and Consumer Support units under direct gubernatorial supervision while mapping specific directorates and sections to the Economic Policy, Financial Institution Supervision, Markets and Payment Systems, Accounting and Information Technology, and Administrative Management portfolios. Effective 14 November 2016 upon publication, this regulation supersedes NAP No. 16/2016 and aligns the bank’s organizational structure with its Organic Structure Manual.