Regulatory Alerts2018-01-01
Banking and Financial Services Act Commencement Order, 2018
The Government of Zambia, acting through the Minister of Finance, issued Statutory Instrument No. 38 of 2018 to formally activate the Banking and Financial Services Act, 2017. This commencement order mandates that the previously enacted legislation takes full legal effect immediately upon its publication on 18 May 2018. By establishing this effective date, the order enables the comprehensive regulatory framework for banking and financial services to be enforced nationwide.
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