Regulatory Alerts2021-01-01
Circular 18/2021: Calendar for Submission of Payment Systems Returns for 2022
The Bank of Zambia has issued Circular 18/2021 to establish the mandatory submission deadlines for monthly, quarterly, and annual audited financial statements for payment systems returns during the 2022 financial year. All returns must be filed through the Digital Financial Services Data Platform by the specified due dates, with annual statements due within three calendar months after the financial year ends. Non-compliance triggers a daily penalty of K500.00 per return until the breach is corrected, and institutions are directed to contact the Payment Systems Department for guidance.
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