Luanda, June 17, 2025 (Lusa) — The Financial System Supervisory Board (CSSF) has decided to extend until 31 December 2030 the exception period that allows banks to develop, on a limited basis, investment services and activities in securities and derivative instruments.

The decision, published on the National Bank of Angola's website, was taken at the second extraordinary session of the CSSF held on 10 June, extending the previous deadline of 31 December 2025.

The measure is aimed at giving more time to complete the transfer of these services to securities distributors and brokers, in compliance with law no. 14/21, on the General Regime for Financial Institutions, which determined that banks should no longer provide some services and should become exclusive to brokerage companies.

According to the statement, during the transition period, banking financial institutions (BFIs) will be able to continue registering and custodizing securities of non-resident foreign exchange investors and their own portfolios, assisting in public offers, and carrying out trading for their own account outside of a regulated market.

However, the registration of BFIs for advisory activities on capital structure, mergers and acquisitions, as well as the underwriting and placement of securities in public offerings, expires at the end of 2025.

Institutions wishing to carry out the permitted activities must register with the Capital Markets Commission (CMC) and are obliged to regularly send detailed information on portfolios, income, inventories, depositary reports and the transfer of clients to other intermediaries.

The regulator justifies the measure by the need to ensure the "continuity and regular operation of the securities and derivatives market" while reconfiguring the financial intermediation model in the country.

RCR/ADB // ADB.

Lusa