Regulatory Alerts2012-08-30
Notice No. 26/2012 on the Transition of the Securities Clearing Service to the Cheques Clearing Subsystem
The Banco Nacional de Angola issued Notice No. 26/2012 to mandate the transition of cheque clearing from the Securities Clearing Service to a dedicated Cheques Clearing Subsystem while establishing mandatory gross settlement rules for fund transfers in the SPTR. The regulation defines standardized cheque models, sets cutoff dates for interbank clearing eligibility, and grants the central bank authority to impose penalties on non-compliant financial institutions. It repeals Notice No. 02/2007 and enters into force forty-five days after publication, ensuring enhanced security and transparency in payment instrument usage.
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