Regulatory Alerts2012-04-19
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Bank of Zambia Circular 07/2012 on Registration Fees for Revised Nominal Share Capital
The Bank of Zambia has reduced the registration fee for commercial banks' additional capital from 2.5% to 0.5% following consultations with the Patent and Company Registration Agency. This fee reduction applies to registrations made in accordance with the recapitalisation timelines specified in Circular No. 02/2012. Commercial banks are required to individually engage with PACRA to determine the specific conditions applicable to their registrations.
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