Regulatory Alerts2017-01-01
Bank of Zambia Circular 07/2017 Date of Full Compliance with Banking and Financial Services Corporate Governance Directives
The Bank of Zambia designates November 1, 2017 as the mandatory compliance date for commercial banks and financial service providers to fully implement the 2016 Corporate Governance Directives. Issued by Deputy Governor Bwalya K. E. Ng’andu, the circular incorporates amendments from Gazette Notices 783 and 874 of 2016 alongside Notice 556 of 2017. All regulated entities must achieve complete adherence to the stipulated governance standards by this effective date under Directive No. 27.
[Logo: Bank of Zambia]
Bank of Zambia OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/legal/bp
October 12, 2017
CB Circular No. : 07/2017
To : All Heads of Commercial Banks and Financial Service Providers
DATE OF FULL COMPLIANCE WITH THE BANKING AND FINANCIAL SERVICES CORPORATE GOVERNANCE DIRECTIVES
Reference is made to the Banking and Financial Services Corporate Governance Directives 2016 as amended by Gazette Notice No. 783 and 874 of 2016 as well as Gazette Notice No. 556 of 2017.
Pursuant to Directive No. 27 of the said Directives, the Bank of Zambia hereby designates November 1, 2017 as the effective date for full compliance to the Banking and Financial Services Corporate Governance Directives.
Please be advised accordingly.
[Signature]
Bwalya K. E. Ng’andu (Dr) DEPUTY GOVERNOR – OPERATIONS
Cc Governor Director – Legal Services
Bank Square, Cairo Road P.O. Box 30080, Lusaka, Zambia Tel: 260-211-226844, 228888 Fax:260-211-237070 E-mail:dgo@boz.zm.Web: http://www.boz.zm