Africa Regulatory ENSight
Key points and impact Privacy / Data Protection Personal Data Protection Law, Law No. 22/11 of 17 June 2011 The Law was approved in 2011.
Updates on this Law provide that:
• with the recent start of operations of the Data Protection Agency ("DPA"), data processing notifications can be freely submitted by companies;
• all companies are now obliged to comply with the legal provisions of the Data Protection Law and deliver the relevant notifications or applications for authorisation for data processing in Angola to the DPA in person through an informal application drawn up by the applicant himself, as there is not yet a specific form for this purpose;
• any such notifications or applications shall contain all the necessary information on the processing of data that is intended to be collected, and be accompanied by the documentation required for this purpose;
• failure to notify the DPA may carry a fine ranging from USD75,000 to USD130,000; and
• penalties will be imposed by the DPA itself, and the respective proceeding may be triggered by complaints or by means of a DPA inspection. Finance Notice No. 11/2019 of 26 November 2019 Published on 26 November 2019. The Notice:
• establishes maximum limits to charges and costs of transactions in foreign currency that are applied in some operations, and defines the currency of those charges;
• prohibits the levying of any charges or costs in foreign currency operations that are not foreseen in this Notice;
• provides that only charges and costs that are referred in this Notice in foreign currency can be calculated based on such currency; other charges or costs must be demonstrated in price lists and levied in Kwanzas, and cannot be indexed to any foreign currency; Finance Notice No. 11/2019 of 26 November 2019 … Continued Published on 26 November 2019.
• allows a maximum charge of 3% per transaction for purchases or payments with a credit card;
• provides that a maximum charge of EUR2 per transaction applies to the sale of notes in foreign currency; and
• provides that the sale of foreign currency will have a maximum charge of 0,25% per transaction.
See entire Regulatory ENSight here.
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