Regulatory Alerts2001-01-01
Bank of Zambia Circular 31/2001: 2002 Annual Licence Fees for Non-Bank Financial Institutions
The Bank of Zambia mandates that all non-bank financial institutions pay their 2002 annual licence fees of K2,700,000 by 31 January 2002 under Statutory Instrument 180 of 1995. Failure to remit the payment by the deadline will incur a penalty of 20 percent per month or part thereof on any outstanding balance. Institutions are advised to ensure timely settlement to avoid additional financial charges and maintain compliance with regulatory licensing requirements.
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