Regulatory Alerts2014-01-01
NB Circular No. 2/2014 Calendar for Submission of Monthly, Quarterly and Financial Returns
The Bank of Zambia establishes the 2014 submission deadlines for monthly, quarterly financial statements, and cost of borrowing returns for all non-bank financial institutions and bureaux de change. Prudential returns must be filed via the Institutional Information Submission System, while cost of borrowing demonstrations are submitted by email. Late or incorrect submissions incur daily penalties of K500 for prudential and cost of borrowing returns, and K1,500 for quarterly financial statements failing approval or format requirements.
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