The Angola Capital Markets Commission has publicly presented four draft measures under consultation that would create a new category of Investment Financial Companies and reshape the regulatory framework for non-bank financial institutions active in capital markets and investment. The main proposal is to consolidate activities currently carried out by securities brokerage firms, securities distribution firms and portfolio management companies into Investment Financial Companies, alongside new rules on prudential requirements, minimum share capital and governance. The package comprises a draft law on the legal regime for Investment Financial Companies, a draft regulation on their prudential requirements, a draft regulation on their minimum share capital and a draft regulation on the governance of non-bank financial institutions linked to capital markets and investment. According to the Commission, the proposals also strengthen supervision, risk management, corporate governance and investor protection. The public presentation brought together the regulator, market operators and other participants to discuss and provide input on the consultation drafts.