Rule · BNA · 10 Jul 2017
The Bank of Angola issued Notice No. 06/2017 to mandate enhanced service levels for real-time operations within the Multicaixa subsystem. The regulation requires participating financial institutions to maintain 24/7 real-time connectivity with strict downtime limits of one hour per week during daytime and seven hours per week during nighttime. Additionally, EMIS must ensure continuous processing capacity, and institutions must adapt their systems within 18 months or face penalties for non-compliance.
Published in the Official Gazette, First Series, No. 113, of July 10
NOTICE NO. 06/2017
SUBJECT: SERVICE LEVELS
– REAL-TIME OPERATIONS
Considering the relevance of the services provided through the Multicaixa Network to the Angolan financial subsystem, the growing adherence of banking clients to its multiple functionalities, the national and universal character of the said network, and its availability 24 (twenty-four) hours a day, 7 (seven) times a week;
Given the need to ensure that card issuers provide a substantially better level of service than that currently provided for real-time access by their clients to bank accounts associated with bank cards;
Under the combined provisions of Article 7 of Law No. 5/05, of July 29 – Payment System Law, and Article 51 of Law No. 16/10, of July 15 – Bank of Angola Law;
I DETERMINE:
Article 1.
(Object and Scope)
CONTINUATION OF NOTICE NO. 06/2017 page 2 of 3
Article 2.
(Definitions)
For the purposes of this Notice, the following are understood:
a) Daytime – the period between 7 (seven) in the morning and 19 (nineteen) hours. b) Nighttime – represents the period between 19 (nineteen) hours and 7 (seven) in the morning.
Article 3.
(Service Levels)
CONTINUATION OF NOTICE NO. 06/2017 page 3 of 3
Article 4.
(Transitional Provisions)
Article 5.
(Doubts and Omissions)
Doubts and omissions resulting from the interpretation and application of this Notice are resolved by the Payment System Department of the Bank of Angola.
Article 6.
(Entry into Force)
This Notice enters into force 180 (one hundred and eighty) days after its publication.
PUBLISH.
Luanda, June 28, 2017.
THE GOVERNOR
CONTINUATION OF NOTICE NO. 06/2017 page 4 of 3 VALTER FILIPE DUARTE DA SILVA
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“and Article 51 of Law No. 16/10, of July 15 – Bank of Angola Law;”
“Under the combined provisions of Article 7 of Law No. 5/05, of July 29 – Payment System Law”
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