In alignment with international standards and with the aim of strengthening the regulation and supervision of Angola’s securities and derivatives markets, the Capital Market Commission (Comissão do Mercado de Capitais – “CMC”) has issued Regulation No. 2/25, of 24 June 2025.

This new regulation establishes the framework for the authorization, registration, and supervision of non-bank financial institutions operating within the capital and investment markets. It outlines the procedures for authorization and registration of such institutions; the duties and obligations applicable to them; the rules governing their operations and organizational structure; and the supervisory mechanisms to be applied by the CMC.

Additionally, Regulation No. 2/25 sets forth the registration process for financial institutions seeking qualification as intermediaries in the provision of investment services and activities involving securities and derivative instruments, and for acting as correspondents in these markets.

This regulation repeals Regulation No. 1/15, of 15 May 2015, and came into effect on 25 June 2025, the day following its publication. A 90-day transitional period has been granted to currently authorized and registered intermediary agents to bring their operations into compliance with the new regulatory requirements.