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2014-01-01

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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[LOGO] BANK OF ZAMBIA OFFICE OF THE DEPUTY GOVERNOR - ADMINISTRATION

January 30, 2014

NB Circular No: 02/2014

To : All Non-Bank Financial Institutions and Bureaux de Change

CALENDAR FOR SUBMISSION OF MONTHLY RETURNS, QUARTERLY RETURNS, QUARTERLY FINANCIAL STATEMENTS FOR PUBLICATION AND QUARTERLY DEMONSTRATION OF THE COST OF BORROWING RETURNS

Further to Circulars No. 1/98 and 4/00 dated 21 January, 1998 and 15 May, 2000 respectively; please be informed that the due dates for submission of monthly returns; quarterly returns; quarterly financial statements for publication; and quarterly demonstration of the cost of borrowing returns for 2014 are as follows: -

MONTHLY RETURNS

MonthDue Date
January11 February 2014
February11 March 2014
March9 April 2014
April12 May 2014
May10 June 2014
June11 July 2014
July12 August 2014
August9 September 2014
September9 October 2014
October11 November 2014
November9 December 2014
December12 January 2015

QUARTERLY FINANCIAL STATEMENTS AND RETURNS

1st Quarter9 April 2014
2nd Quarter11 July 2014
3rd Quarter9 October 2014
4th Quarter12 January 2015

........2/-

Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia. Tel: +260-211-229930 Fax: +260-211-222808 E-mail: tkmabula@boz.zm Web: http://www.boz.zm

NB Circular No: 02/2014 - 2 - January 30, 2014

QUARTERLY DEMONSTRATION OF THE COST OF BORROWING

1st Quarter9 April 2014
2nd Quarter11 July 2014
3rd Quarter9 October 2014
4th Quarter12 January 2015

The Prudential Returns should be submitted through the Institutional Information Submission System (IISS) of the Bank Supervision Application (BSA) at https://mail.boz.zm/bsav30, while softcopies of the Demonstration of the Cost of Borrowing Returns should be submitted to nbfisreturns@boz.zm.

A penalty of K500.00 per return per day will be charged for any incorrect or delayed submission of Prudential and Demonstration of the Cost of Borrowing Returns. In the case of the Quarterly Financial Statements, a penalty of K1,500.00 per return per day shall apply in any of the following circumstances:

  • Failure to submit the quarterly financial statements;
  • Failure to obtain Bank of Zambia approval prior to publication;
  • Publication of financial statements using incorrect formats; and
  • Publication of incorrect information.

[Signature] Dr Tukiya Kankasa-Mabula DEPUTY GOVERNOR – ADMINISTRATION

Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia. Tel: +260-211-229930 Fax: +260-211-222808 E-mail: tkmabula@boz.zm Web: http://www.boz.zm

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