Regulatory Alerts2022-01-01
Circular 18/2022: Calendar for Submission of Payment Systems Returns for 2023
The Bank of Zambia issued Circular 18/2022 to establish the mandatory submission calendar for payment systems returns for the 2023 financial year. The directive specifies exact due dates for monthly and quarterly returns, sets a March 31, 2023 deadline for ZIPSS annual audit certificates, and requires audited financial statements within three months of each institution's fiscal year-end. All filings must be submitted through the Digital Financial Services portal by the stipulated deadlines, with a daily penalty of K500 imposed for late or non-compliant submissions.
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