Regulatory Alerts2023-01-01
CB Circular No. 35/2023 - 2024 Submission Calendar for Prudential, CMMP, Financial Statements and Bank Charges Returns
The Bank of Zambia has issued Circular No. 35/2023 establishing the official submission calendar for commercial banks covering monthly Prudential Returns, Credit Market Monitoring Programme returns, Quarterly Financial Statements, and Bank Charges for 2024. The directive specifies precise monthly and quarterly due dates extending through January 2025, mandates electronic submission via the Bank Supervision Application System for Prudential and CMMP returns, and requires email delivery of Bank Charges Returns. Financial penalties of K500 per day apply to delayed or incorrect Prudential, CMMP, and Bank Charges submissions, while Quarterly Financial Statements incur a K1,500 daily penalty for failures to obtain prior approval, use incorrect formats, or publish inaccurate data.