Regulatory Alerts2008-01-01
Bank of Zambia Circular 02/2008: Calendar for Submission of Prudential Returns and Bank Charges
The Bank of Zambia issued Circular 02/2008 to establish the specific due dates for the 2008 submission of Prudential Returns and Bank Charges for all commercial banks and non-bank financial institutions. The directive mandates that Prudential Returns be filed via the Risk Analysis Automation System while Bank Charges returns require both hard and soft copies submitted to designated supervision department officers. A daily penalty of K100,000 is imposed for any delayed or incorrect submissions to ensure regulatory compliance.
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