Legal Update/ Mozambique: Operating Rules for the Securities Registration Center

 

Mozambique has reviewed the Operating Rules for the Securities Registration Center (CRGM), according to official legal database Legis-PALOP+TL.

The new Ministerial Diploma, Legis-PALOP+TL adds, features:

  • Access to the CRGM, for the purposes of guarantee record or consultation, is now subject to registration, under the legal regime for the use of assets as a guarantee of compliance with obligations, approved by Law no. /2018, of December 28th.
  • The registration, for the purpose of opening an account, is done through the CRGM website and, when filling in the form electronically, the following documents must be attached:
    – For Legal Entities: registration certificate issued by the Registry of Legal Entities; declaration of commencement of activities issued by the Bank of Mozambique to a financial institution or certificate of discharge for other legal persons; and credential, issued by the requesting entity indicating the employee authorized to open the institutional account and which must contain the Single Tax Identification Number (NUIT) and the employee’s email.
    – For individuals: copy of Identity Card (BI) and copy of NUIT.
  • The CRGM Management Entity has a period of 7 days to approve or reject the registration request.

Other articles

Mozambique

Ensino de Mandarim Alargado ao Ensino Secundário em Moçambique Com Apoio Empresarial

Mozambique

China Reforça Importações de Gás Natural Liquefeito de Moçambique