Regulatory Alerts2015-09-17
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Bank of Zambia Circular No. 2/2015 on the New Capital Adequacy Framework for Non-Bank Financial Institutions
The Bank of Zambia issued Circular No. 2/2015 to correct terminology in its January 2014 capital adequacy framework for non-bank financial institutions. The directive replaces the previously used terms "minimum paid up capital" and "minimum primary paid-up capital" with the standardized term "minimum primary capital." All regulated non-bank financial institutions must apply this corrected terminology to ensure accurate compliance with the revised regulatory requirements.
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