Regulatory Alerts2023-01-01
Bank of Zambia Circular No. 07/2023 Update on Security Updates for ZIPSS, CSD and eBOP Network Infrastructure
The Bank of Zambia requires all commercial banks and financial institutions to implement final security updates across the ZIPSS, CSD, and eBOP network infrastructure through a "big-bang" transition between April 6 and 10, 2023. Participants must complete their assigned implementation windows as scheduled, with consultant Micronics Limited providing on-site support to mitigate service disruption risks. Failure to apply these security changes within the designated period will result in immediate loss of connectivity and service to the affected payment and settlement systems.
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