Regulatory Alerts2003-01-01
Bank of Zambia Circular 01/2003: Calendar for Submission of Prudential Returns
The Bank of Zambia issued Circular 01/2003 to establish the mandatory submission schedule for monthly Prudential Returns from all commercial banks and financial institutions throughout 2003. Each monthly report must be filed by a specified date in the following month, with the final December return due by 15 January 2004. Strict compliance is enforced through a daily penalty of K 100,000 for any late, inaccurate, or non-diskette submissions.
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