Region

Jurisdiction

Regulator

2001-01-01

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.

Zambia

Bank of Zambia

# BANK OF ZAMBIA
## OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

Tel. 228888/ 228903-20                                      P.O. Box 30080, LUSAKA  
                                                                 10101

12 December 2001  
CB Circular No 31/2001  

**TO**: ALL NON-BANK FINANCIAL INSTITUTIONS  

Dear Sirs/Madam  

## YEAR 2002 ANNUAL LICENCE FEES  

We wish to remind you that in accordance with Statutory Instrument No.180 of 1995, the annual licence fees for the year 2002 are due on 1 January 2002 and, the deadline for payment of the fees is 31 January 2002.  

As you are aware, late payment of annual licence fees attracts a penalty of 20% per month or part thereof of any outstanding amount of the licence fee.  

Accordingly, you are advised to ensure that the fee of K2, 700,000.00 for non-bank financial institutions is paid before 31 January 2002.  

We look forward to your usual co-operation in this matter.  

Yours faithfully  

[Signature]  
Abraham Mwenda (Dr)  
DEPUTY GOVERNOR - OPERATIONS