Angola
New Regulatory Framework for Non-Bank Financial
Institutions in Angola's Capital and Investment
Markets
New Legislation Enacted
Authors: Elieser Corte Real, Partner and Head of Employment, and
Nuno Gouveia, Partner and Head of Employment – Fatima Freitas
& Associados
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)
issued Regulation No. 2/25, of June 24, 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
these institutions; the duties and obligations applicable to them;
the rules governing their operations and organizational structure;
and the supervisory mechanisms to be
