Angolan government approves legislation to create capital markets

25 April 2013

The Angolan government has approved the first set of laws that will make way for the creation of the capital market in the country, the chairman of the Capital Markets Commission (CMC) said Wednesday in Luanda cited by Angolan news agency Angop.

At the end of the Council of Ministers, Archer Mangueira noted that amongst the approved documents was the legal framework for the regulated debt market, which will regulate the organisation of the secondary public debt market.

Mangueira also noted approval of the legal framework for regulatory market management and connected services companies, of brokerages and distributors.

Archer Mangueira also said that the statutes of the Capital Markets Commission had been approved and the strategic plan for the CMC had been analysed.

The chairman of the CMC also said that after enactment of the documents approved Wednesday a founding committee would be set up for the market regulator management company. (macauhub)