Regulatory Alerts2021-12-23
Added · Updated
Notice No. 11/21 of December 23 on Procedures for Foreign Exchange Operations by Non-Resident Foreign Exchange Entities for External Investment, Divestment, and Income
This Notice defines procedures for foreign exchange operations by Non-Resident Foreign Exchange Entities related to foreign investment in unlisted entities, foreign investment in securities and derivatives, divestment of these assets, and associated income. The National Bank of Angola delegates authority to Banking Financial Institutions to receive and transfer funds for these operations without prior licensing, except for investments in public debt securities or derivative instruments traded on the national securities market, which require prior licensing from the National Bank of Angola. Intermediation Agents must ensure compliance with these licensing requirements and report operations to the National Bank of Angola. This Notice revokes Notice No. 15/19 of December 30 on Foreign Investment and enters into force the day after its publication.