Regulatory Alerts2019-02-21
Added · Updated
Bank of Zambia Payment Systems Returns Submission Calendar for 2019
The Bank of Zambia has issued Circular No. 02/2019 mandating a standardized submission calendar for payment systems returns from commercial banks and designated entities. The directive outlines specific due dates for monthly and quarterly filings, while requiring audited annual financial statements to be submitted within three months of the fiscal year-end. All documents must be emailed to psdreturns@boz.zm by their respective deadlines, with failure to comply triggering regulatory penalties.
BANK of ZAMBIA
OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/bcps/bp
February 21, 2019
CB Circular No. : 02/2019
To : All Heads of Commercial Banks and Designated Payment System Entities
CALENDAR FOR SUBMISSION OF PAYMENT SYSTEMS RETURNS FOR THE YEAR 2019
Reference is made to the above subject matter.
Kindly be informed that the due dates for submission of Payment Systems Returns for the 2019 financial year are as follows:
1. MONTHLY RETURNS
| Month | DUE DATE |
|---|---|
| January | 8th February 2019 |
| February | 11th March 2019 |
| March | 8th April 2019 |
| April | 9th May 2019 |
| May | 10th June 2019 |
| June | 10th July 2019 |
| July | 9th August 2019 |
| August | 9th September 2019 |
| September | 8th October 2019 |
| October | 8th November 2019 |
| November | 9th December 2019 |
| December | 9th January 2020 |
2. QUARTERLY RETURNS
| Quarter | DUE DATE |
|---|---|
| 1st Quarter | 8th April 2019 |
| 2nd Quarter | 10th July 2019 |
| 3rd Quarter | 9th August 2019 |
| 4th Quarter | 9th January 2020 |
Kindly be reminded that all returns should be submitted to psdreturns@boz.zm by the set due dates, failure to comply may attract penalties.
……2/-
CB Circular No. 02/2019 - 2 - February 21, 2019
3. AUDITED ANNUAL FINANCIAL STATEMENTS
The Audited Annual Financial Statements should be submitted three calendar months after the end of the financial year of your institution. Further, your institution is required to submit the audited financial statements for the past three years that is for 2015, 2016 and 2017.
Kindly be informed accordingly
Bwalya K. E. Ng’andu (Dr)
DEPUTY GOVERNOR – OPERATIONS
Cc Director – Banking, Currency and Payment Systems
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
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel: +260-211- 226844/228888/9 Fax: +260-211-237070 Email: dgo@boz.zm. Web: http://www.boz.zm
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