Regulatory Alerts2022-01-01
Bank of Zambia Circular 01/2022: Calendar for Submission of Periodic Returns and Financial Statements
The Bank of Zambia issued Circular No. 01/2022 to establish a standardized submission calendar for periodic returns and financial statements from non-bank financial institutions and bureaux de change. The directive mandates specific due dates for monthly, weekly, quarterly, and annual reports, which must be filed through the Bank Supervision Application System or designated email addresses. Non-compliance triggers daily penalty fees ranging from K100 to K1,500 depending on the return type and nature of the delay or error.
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