Regulatory Alerts2020-01-01
Bank of Zambia Payment Systems Returns Calendar for 2021
The Bank of Zambia has established a standardized calendar and mandatory submission deadlines for monthly and quarterly payment systems returns throughout the 2021 financial year. The circular mandates a K500 daily penalty for late or incorrect filings and requires all designated entities to transition from email submissions to the Digital Financial Services Data Platform starting in May 2021. All designated payment system providers must additionally submit their audited annual financial statements within three calendar months following the close of each financial year.
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