Regulatory Alerts1996-01-10
Added · Updated
Notice No. 03/GGBM/96 of 11 July - Limits on Shareholdings in Other Companies
The Bank of Mozambique amended Article 3 of Notice No. 15/GGBM/94 to exempt shareholdings in other credit institutions, non-monetary financial intermediation institutions, credit auxiliary institutions, and insurance companies from previous restrictions. This regulatory change, issued by the Bank of Mozambique on 11 July 1996, specifically modifies the scope of limits on shareholdings in other companies for the affected financial entities.
BANCO DE MOÇAMBIQUE NOTICE NO. 03/GGBM/96 SUBJECT: Limits on Shareholdings in Other Companies
The Bank of Mozambique, exercising the competence conferred upon it by paragraph d) of paragraph 2 of Article 37 of Law No. 1/92 of 03 January, determines:
Sole Article: Article 3 of Notice No. 15/GGBM/94 of 21 November is amended, which shall henceforth read as follows:
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- The provisions of the preceding paragraph shall not apply to shareholdings in other credit institutions of a different nature, in non-monetary financial intermediation institutions, in credit auxiliary institutions, and in insurance companies.
Maputo, 11 July 1996
The Governor Adriano Afonso Maleiane