Regulatory Alerts1997-01-01
Bank of Zambia Circular 07/1997: Directors' Questionnaire and Declaration
The Bank of Zambia requires all current and prospective commercial bank directors to submit a completed suitability questionnaire by 31 January 1998. This directive enforces a revised fitness and propriety assessment framework under the Banking and Financial Services Act of 1994 to evaluate director experience, knowledge, and good repute. Furthermore, directors and officers must formally disclose all associates and material commercial, financial, or family interests to their respective boards in compliance with section 35(3) of the Act.
Share