Regulatory Alerts2006-01-01
Bank of Zambia Prudential Returns and Bank Charges Submission Calendar 2006
The Bank of Zambia has issued a 2006 submission calendar mandating commercial banks and non-bank financial institutions to file monthly prudential returns and quarterly bank charges for personal current accounts. All filings must be submitted via the Risk Analysis Automation System by designated monthly and quarterly deadlines, with a K 100,000 daily penalty enforced for late or inaccurate submissions. The quarterly charge reporting framework takes effect on January 1, 2006, following a transitional December 31, 2005 reporting window.
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