Angola Financial Regulation
Angola’s financial regulatory framework has undergone significant modernization since 2018, with new laws governing securities markets, banking, insurance, and foreign investment. The regulatory architecture is designed to support capital market development while maintaining financial stability.
Regulatory Bodies
| Regulator | Abbreviation | Jurisdiction |
|---|---|---|
| Banco Nacional de Angola | BNA | Banking, monetary policy, FX |
| Comissão do Mercado de Capitais | CMC | Securities markets, BODIVA |
| Agência de Regulação e Supervisão de Seguros | ARSEG | Insurance |
| Ministry of Finance | MINFIN | Fiscal policy, debt management |
Key Legislation
The primary legislation governing Angola’s capital markets includes:
- Securities Code (Lei dos Valores Mobiliários) — Governs issuance, trading, and disclosure of securities
- Investment Law (Lei do Investimento Privado, 2018) — Simplified foreign investment framework
- Banking Law (Lei das Instituições Financeiras) — Prudential regulation of banks
- Tax Code (Código Geral Tributário) — Tax treatment of investment income
- Exchange Control Regulations — BNA rules governing FX transactions
Investor Protections
CMC regulations require BODIVA-listed companies to make timely disclosure of material information, publish audited annual financial statements, and comply with corporate governance standards. The investor protection framework is evolving, with recent improvements to minority shareholder rights and insider trading enforcement.
Part of the Angola Intelligence Network. See also: angola2050.com | ndp2030.com