Regulatory Alerts2013-01-01
Bank of Zambia Calendar for Submission of Monthly and Quarterly Returns, Financial Statements, and Cost of Borrowing Demonstrations
The Bank of Zambia establishes the 2013 submission deadlines for monthly and quarterly prudential returns, financial statements, and cost of borrowing demonstrations. Non-bank financial institutions must submit prudential returns through the Risk Analysis Automation System and cost of borrowing demonstrations via email, adhering to specified monthly and quarterly due dates. Daily penalties of K500 apply for late or incorrect prudential and cost returns, while quarterly financial statements incur KR1,500 daily fines for failures to submit, obtain prior approval, or publish using correct formats and information.
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