Angola's Ministry of Finance has introduced a new regime governing the authorisation and registration of members of corporate bodies and other management positions in the capital markets, framing it as a measure to support orderly market functioning, protect investor funds and strengthen the fight against money laundering, terrorist financing and the proliferation of weapons of mass destruction. The regulation broadens the range of entities covered to include non-bank financial institutions linked to the capital markets and investment under Capital Markets Commission (CMC) supervision, collective investment scheme management companies, and operators of regulated markets, settlement systems, clearing houses or central counterparties, as well as centralised securities systems. It also extends to branches and representative offices of foreign-headquartered non-bank financial institutions authorised to operate in Angola and supervised by the CMC. The scope of individuals subject to the regime is widened to include holders of relevant management functions, full and alternate members of management and supervisory bodies, and managers and directors of branches and representative offices. Full members of management or supervisory bodies must notify the CMC in advance if, during their term, they intend to take on a new management or supervisory role at an institution not supervised by the CMC, and outsourcing of relevant management functions is permitted only where the outsourcing entity ensures a named natural person is appointed to perform the outsourced functions. The new regime applies only to authorisation and registration applications submitted after it enters into force, while pending applications will continue to be governed by Regulation No. 1/17.

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