Section III Conflict of interest Article 66 Credit for members of social bodies 1. Banking financial institutions may not provide credit, in any way or form, including the provision of guarantees, either directly or indirectly, to members of the administrative ...

Section II Professional secrecy Article 59 Obligation to respect confidentiality 1. The members of the administrative and supervisory bodies of banking financial institutions, their employees, agents, representatives and other persons who provide services to them on a permanent or temporary ...

Chapter VI Rules of conduct Section I General Duties Article 55 Technical competence The banking financial institutions shall guarantee to the clients high levels of technical competence in all the activities that they perform, ensuring that the organization has all ...

Article 54 Refusal of registration Besides other grounds, which the law provides for, registration shall be refused in the following cases: a) when it is evident that the fact is not mentioned in the documentation presented; b) when it is ...

Article 52 Facts arising subsequently 1. The banking financial institutions should notify the National Bank of Angola, as soon as they are in possession of any facts as referred to in number 3 of article 26 of this law, which ...

Chapter V Registration Article 49 Mandatory registration Banking financial institutions may not begin their activity until they are enrolled in the special register at the National Bank of Angola. Article 50 Information to be registered 1. The following documents should ...

Section III Representative Offices Article 46 Requirements for establishment 1. The setting up and functioning in Angola of representative offices of banking financial institutions with registered office abroad requires, independently of commercial registration requirements, a special prior registration at the ...

Article 43 Allocated capital The operations to be carried out by the branch office should be allocated sufficient capital to guarantee such operations, and not less than the minimum stipulated by the Angolan law for banking financial institutions of the ...

Section II Branch Offices Article 40 Applicable Articles The establishment of branch offices in Angola of banking financial institutions with registered office abroad is subject to the provision of this section and to articles 14 to 16 and 21 of ...

Chapter IV Activities in Angola Section I General principles Article 36 Compliance with Angolan law The activities of foreign based banking financial institutions, in national territory, should comply with Angolan legislation. Article 37 Suitability The directors and managers of branch offices ...