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.
# BANK of ZAMBIA
## OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
February 05, 2008
CB Circular No: 02/2008
To : All Commercial Banks and Non-Bank Financial Institutions
## CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS AND BANK CHARGES FOR PERSONAL CURRENT ACCOUNTS AND OTHER GENERAL SERVICES
Further to our Circular No. 1/98 dated 21 January 1998, please be informed that the due dates for submission of Prudential Returns and Bank Charges for 2008 are as follows:
### PRUDENTIAL RETURNS
| Month | Due Date |
|-------------|----------------|
| January | 14 February 2008 |
| February | 17 March 2008 |
| March | 14 April 2008 |
| April | 15 May 2008 |
| May | 13 June 2008 |
| June | 16 July 2008 |
| July | 15 August 2008 |
| August | 12 September 2008|
| September | 14 October 2008 |
| October | 14 November 2008 |
| November | 12 December 2008 |
| December | 15 January 2009 |
### BANK CHARGES
| Quarter | Due Date |
|-------------|----------------|
| 1st Quarter | 14 April 2008 |
| 2nd Quarter | 16 July 2008 |
| 3rd Quarter | 14 October 2008|
| 4th Quarter | 15 January 2009|
Bank Square, Cairo Road P.O. Box 30080, Lusaka, Zambia Tel: +260 -211- 226844 Fax: +260 -211- 2370701 E-mail: dkalyaly@boc.zm
---
- 2 -
The Prudential Returns should be submitted through the Risk Analysis Automation System (RAAS) of the Bank Supervision Application. As regards the Bank Charges returns, please submit a hard copy to Director - Bank Supervision Department and a soft copy to your respective Desk Officers, with a copy sent to Mr Kambole Sikazwe, Data Entry Officer, at jksikazw@boz.zm
Finally, note that a penalty of K100,000 per return per day will be charged for any delayed submissions or incorrect returns.
Denny H. Kalyalya (Dr)
DEPUTY GOVERNOR – OPERATIONS
Bank Square, Cairo Road, PO Box 30080, Lusaka 10101, Zambia Tel: 260-1-226844, Fax: 260-1-237070, email dkalyaly@boc.zm
Share