Regulatory Alerts2021-01-01
Bank of Zambia Payment Systems Returns Submission Calendar for 2022
The Bank of Zambia has established a submission calendar for payment systems returns for the 2022 financial year, mandating commercial banks and designated entities to file monthly, quarterly, and annual audited statements by specified deadlines. All returns must be submitted in a prescribed format through the Digital Financial Services Data Platform by close of business on the due dates. Non-compliant or late submissions incur a daily penalty of K500.00 per return until the breach is rectified.
[LOGO] BANK OF ZAMBIA OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/psd/bp
December 23, 2021
CB Circular No. : 18/2021
To : All Heads of Commercial Banks and Designated Payment Systems Entities
CALENDAR FOR SUBMISSION OF PAYMENT SYSTEMS RETURNS FOR THE YEAR 2022
Kindly be informed that the due dates for submission of Payment Systems Returns for the 2022 financial year are as follows:
| 1. MONTHLY RETURNS | DUE DATE |
|---|---|
| January | February 8, 2022 |
| February | March 9, 2022 |
| March | April 8, 2022 |
| April | May 10, 2022 |
| May | June 8, 2022 |
| June | July 12, 2022 |
| July | August 9, 2022 |
| August | September 8, 2022 |
| September | October 10, 2022 |
| October | November 8, 2022 |
| November | December 8, 2022 |
| December | January 10, 2023 |
| 2. QUARTERLY RETURNS | DUE DATE |
|---|---|
| 1st Quarter | April 8, 2022 |
| 2nd Quarter | July 12, 2022 |
| 3rd Quarter | October 10, 2022 |
| 4th Quarter | January 10, 2023 |
All the returns should be submitted in a prescribed format by the set due dates as failure to comply may attract penalties. A penalty of K500.00 (Kwacha five hundred only) will be charged per return per day for any delayed submission or incorrect return until the breach is corrected. All submissions of payment system returns should be made through the Digital Financial Services Data Platform by end of business on the due date. Further, you may contact the Payment Systems Department through psdreturns@boz.zm or DFSData@boz.zm for any queries and guidance on returns.
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Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm
CB Circular No. 18/2021 | - 2 - | December 23, 2021
3. AUDITED ANNUAL FINANCIAL STATEMENTS
The Annual Audited Financial Statements should be submitted within three calendar months after the end of the financial year of each respective institution.
Kindly be informed accordingly.
[Signature] Francis Chipimo (PhD) DEPUTY GOVERNOR – OPERATIONS
cc Governor Deputy Governor – Administration Director – Banking and Currency Director – Payment Systems Director – Bank Supervision Director – Non-Bank Financial Institutions Supervision
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm