Regulatory Alerts2003-01-02
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Bank of Zambia Circular 01/2003: Calendar for Submission of Prudential Returns
The Bank of Zambia issued Circular 01/2003 to establish the mandatory submission schedule for monthly Prudential Returns from all commercial banks and financial institutions throughout 2003. Each monthly report must be filed by a specified date in the following month, with the final December return due by 15 January 2004. Strict compliance is enforced through a daily penalty of K 100,000 for any late, inaccurate, or non-diskette submissions.
BANK OF ZAMBIA
OFFICE OF THE DEPUTY GOVERNOR – OPERATIONS
January 2, 2003
CB Circular No. 01/2003
To: All Commercial Banks and Financial Institutions
CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS
Further to our Circular No. 1/98 dated 21 January 1998, please be informed that the due dates for submission of Prudential Returns for year 2003 are as follows:
| Month | Due Date |
|---|---|
| January | 14 February 2003 |
| February | 17 March 2003 |
| March | 14 April 2003 |
| April | 15 May 2003 |
| May | 13 June 2003 |
| June | 16 July 2003 |
| July | 15 August 2003 |
| August | 12 September 2003 |
| September | 14 October 2003 |
| October | 14 November 2003 |
| November | 12 December 2003 |
| December | 15 January 2004 |
Please note that a penalty of K 100,000 per return per day will be levied for any delayed submissions or incorrect returns. The penalty will also apply to non-submission of all Prudential Returns on Diskettes.
Denny D Kalyalya (Dr)
DEPUTY GOVERNOR – OPERATIONS
Bank Square, Cairo Road, PO Box 30080, Lusaka 10101, Zambia Tel: 260-1-226844, Fax: 260-1-237070, email: dkalyalya@boz.zm
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