Notice No. 14/2012, of April 3

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Published in the Official Gazette of the Republic, First Series, No. 64, on April 3 NOTICE NO. 14/2012 of April 3

Whereas the Central Bank of Angola aims to carry out activities intended to meet collective market needs, as mandated by law; Considering that, in exercising the aforementioned activities, a standard of conduct is required from all stakeholders; Considering the need to establish a code of conduct for interbank markets; In the exercise of the competence attributed by Article 51 of Law No. 16/10, of July 15 - Central Bank of Angola Act; I HEREBY DETERMINE:

Article 1.
(Establishment of the Code of Conduct)
The Code of Conduct for the Interbank Money and Foreign Exchange Markets is hereby established, hereinafter referred to as the Code of Conduct, and its regulations are approved.

Article 2.
(Subject Matter)
The Code of Conduct aims to regulate:
a) The relationships between participants in the interbank markets, in accordance with principles of ethics and professional conduct, whether in the exercise of their duties or otherwise.

2 b) The operational practices of the markets, contributing to raising the professionalism standards of those operating therein and the efficiency of the markets themselves.

Article 3.
(Scope)
This Code of Conduct applies to all managers, operators, and other stakeholders in financial transactions carried out by financial institutions participating in the money and foreign exchange markets.

Article 4.
(Mandatory Nature)
Subscription to the Statement of Adherence, attached to the Code of Conduct, constitutes a condition for participation in the interbank markets.

Article 5.
(Internal Disclosure and Application)
The Code of Conduct must, mandatorily, be disclosed internally by financial institutions participating in the money and foreign exchange markets, and applied by their trading desks.

Article 6.
(Entry into Force)
This Notice enters into force on November 1, 2011.

PUBLISH
Luanda, on October 24, 2011
THE GOVERNOR
JOSÉ DE LIMA MASSANO