Legislation News - Banking And Finance, Capital Markets And Insurance In Angola | 2nd Quarter Of 2023

Decree-Law 66/2023 of 8 August ("DL 66/2023") was published on 8 August, and transposed into Portuguese jurisdiction several EU regulations on financial services...

CMVM (the Portuguese Securities Market Commission) Regulation 1/2023 on the information obligations of issuers and rules applicable to takeover bids ("Regulation 1/2023" or the "Regulation")...

Banco de Portugal has significantly expanded the mandatory use of the European Central Bank's IMAS Portal for processing regulatory procedures involving credit institutions. The new Instruction 2/2026 consolidates electronic submission requirements and extends digital processing to authorisation applications, qualifying shareholding notifications, and branch establishment procedures.

The CMVM has put forward a draft regulation for public consultation that establishes a regular reporting obligation regarding investment advisory activities.

As of 17 January 2025, Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience...

According to Portuguese media, the shareholders of Novo Banco S.A. ("Novo Banco") have initiated the sale of a 25-30% stake in Novo Banco through an IPO and have appointed Bank of America...

On 19 June 2024, the final texts of two key pieces of legislation for the European banking sector were published in the Official Journal of the European Union ("EU").

A landmark ruling by the European Court of Justice is set to bolster Portugal's position as an investment destination for non-resident UCIs.

If we acknowledge that large language models could bring about an age of poor-quality analysis and reasoning in the field of law, then we can still protect ourselves.

Banco de Portugal Instruction 1/2026 (the “Instruction”) came into force on 25 February 2026. It repeals and substitutes Instruction 17/2018 and it sets out the new rules on the Central Credit Register (“CCR”).

The purpose of this informative note is to highlight the recent publication of Decree-Law 20-A/2023 of 22 March, which establishes the general rules for the application of the Portugal 2030 European Funds...

Portugal continues to be an attractive target for investment. The stock of foreign direct investment more than doubled in the past 15 years, reaching 70% of GDP in 2022.

The banking and finance sector is generally considered to evolve at a very slow pace, but could there be a revolution on the horizon?