IRS Securities
Holding a Sociedade Corretora de Valores Mobiliarios (SCVM) licence from the Comissao do Mercado de Capitais (CMC), IRS Securities is one of a select group of brokerages authorised to execute trades directly on BODIVA, Angola’s sole securities exchange.
Key Facts
- Full Name: IRS – Sociedade Corretora de Valores Mobiliarios SA
- Licence Type: SCVM (Securities Brokerage)
- Regulator: CMC (Comissao do Mercado de Capitais)
- Exchange Access: BODIVA
- Custody: Via CEVAMA accounts
- Headquarters: Luanda, Angola
- Sector: Financial Services – Capital Markets Intermediation
Role and Services
As an SCVM-licensed firm, IRS Securities operates with the full scope of brokerage permissions available under Angolan securities law. This includes executing client orders on BODIVA, trading on a proprietary basis, providing investment advisory services, and participating in primary-market transactions such as IPOs and government bond auctions conducted through BODIVA’s platform. The SCVM licence is the most comprehensive intermediary authorisation issued by the CMC, requiring higher minimum capital than the SDVM (distributor) classification.
IRS Securities routes orders through SETIC, BODIVA’s electronic trading system, and all transactions settle via CEVAMA (Central de Valores Mobiliarios de Angola), the central securities depository that maintains the definitive ownership register. Settlement follows a T+2 cycle for equities and T+0 to T+1 for government debt instruments. Every investor – whether domestic or foreign – must hold a CEVAMA custody account (conta de custodia) to buy or sell securities on BODIVA, and licensed brokerages like IRS facilitate account opening as part of client onboarding.
The brokerage sector is still small but growing in step with BODIVA’s listing pipeline. Since the BAI IPO inaugurated equity trading in 2022, the exchange has added ENSA, BCGA, BFA, and BODIVA itself as listed securities. The ProPriv privatisation programme (Programa de Privatizacoes) is expected to add further listings, including Unitel and Sonangol subsidiaries, creating additional demand for brokerage intermediation. CEVAMA custody accounts reached approximately 58,389 by late 2024 and have continued to climb, reflecting growing retail and institutional participation.