Regulatory Alerts2024-05-03
Instruction No. 04/2024 of May 3
The National Bank of Angola issued Instruction No. 04/2024 to standardize fee reporting requirements for banking financial institutions, mandating that they submit accurate, complete, and up-to-date fee data via Web Service to support the national Fee Comparator tool. The Instruction specifies technical reporting models, grants a 30-day transitional compliance period following publication, and explicitly revokes the previous Instruction No. 17/23 to eliminate regulatory overlap. Non-compliance constitutes a punishable offense under the General Regime Law for Financial Institutions, with all interpretative disputes resolved directly by the National Bank of Angola.
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