Regulatory Alerts2009-01-01
Bank of Zambia Revised Calendar for Submission of Prudential Returns
The Bank of Zambia issued Circular 02/2009 to revise the submission deadlines for prudential returns from commercial banks and non-bank financial institutions. The new schedule requires monthly returns to be filed via the Risk Analysis Automation System within six working days following the reference month to ensure timely regulatory data collection. Institutions face a daily penalty of K500,000 for late or incorrect submissions, although the calendar for quarterly financial statements remains unchanged.
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