Regulatory Alerts2015-04-20
Notice No. 09/2015 of April 20: Execution and Fund Availability Deadlines for Current Account Deposits, Transfers, and Value Remittances
The Bank of Angola issued Notice No. 09/2015 to establish strict maximum deadlines for the execution and fund availability of current account deposits, transfers, and value remittances within the Angolan Payment System. The regulation mandates immediate availability for cash deposits, same-day or next-day settlement for transfers based on submission times, and prohibits charging interest or fees on available funds. It also defines key operational terms, outlines force majeure exemptions, and revokes previous notice No. 02/12 to enhance transparency and consumer protection.
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