Regulatory Alerts2022-04-20
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Notice No. 11/2022: Requirements and Procedures for the Authorization of Non-Bank Financial Institutions
The Governor of the National Bank of Angola issued Notice No. 11/2022 to establish the requirements and procedures for authorizing the establishment of Non-Bank Financial Institutions, including exchange houses, electronic money institutions, and payment service providers. The regulation mandates strict adherence to capital adequacy, corporate governance, risk management, and shareholder suitability standards, while replacing the previous Notice No. 07/2018. It further details the specific documentation and application processes required for entities seeking to operate within the Angolan financial system.
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