Regulatory Alerts2019-01-01
CB Circular No. 16 of 2019: 2020 Submission Calendar for Prudential and Financial Returns
The Bank of Zambia has issued Circular No. 16 of 2019 to establish the official 2020 submission deadlines for monthly Prudential and Credit Market Monitoring returns, quarterly financial statements, and bank charges. Commercial banks must file these reports through the Bank Supervision Application System or email according to specified monthly and quarterly dates. The directive enforces daily penalties of K500 for delayed or incorrect monthly submissions and K1,500 for specific quarterly financial statement breaches until corrected.
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