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2015-01-01

Bank of Zambia Circular No. 4/2015: 2016 Submission Calendar for Regulatory Returns

The Bank of Zambia issued Circular No. 4/2015 to establish the 2016 submission deadlines for monthly, quarterly, and specialized regulatory returns applicable to all Non-Bank Financial Institutions and Bureaux de Change. The directive mandates that prudential and credit market monitoring returns be filed electronically via the Institutional Information Submission System, while quarterly financial statements and cost of borrowing demonstrations must be submitted by email. Non-compliance triggers daily penalties ranging from K500 for delayed or incorrect prudential filings to K1,500 for financial statement breaches involving missing approvals, wrong formats, or inaccurate data.

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BANK OF ZAMBIA OFFICE OF THE DEPUTY GOVERNOR - ADMINISTRATION

23rd December 2015

NB Circular No. : 04/2015

TO : All Non-Bank Financial Institutions and Bureaux de Change

CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS, QUARTERLY DEMONSTRATION OF THE COST OF BORROWING RETURN, FINANCIAL STATEMENTS FOR PUBLICATION AND CREDIT MARKET MONITORING RETURNS

Further to Circulars No. 1/98 and 4/00 dated 21 January 1998 and 15 May 2000 respectively, please be informed that the due dates for submission of Monthly Returns, Quarterly Returns, Quarterly Financial Statements for publication, Quarterly Demonstration of the Cost of Borrowing Returns and Credit Market Monitoring Returns for 2016 are as follows:

1. MONTHLY AND QUARTERLY RETURNS

Monthly ReturnsDue Date
January9 February 2016
February10 March 2016
March11 April 2016
April11 May 2016
May9 June 2016
June13 July 2016
July10 August 2016
August9 September 2016
September11 October 2016
October9 November 2016
November9 December 2016
December11 January 2017
Quarterly ReturnsDue Date
1st Quarter11 April 2016
2nd Quarter13 July 2016
3rd Quarter11 October 2016
4th Quarter11 January 2017

2. QUARTERLY FINANCIAL STATEMENTS FOR PUBLICATION

1st Quarter11 April 2016
2nd Quarter13 July 2016
3rd Quarter11 October 2016
4th Quarter11 January 2017

3. QUARTERLY DEMONSTRATION OF THE COST OF BORROWING

1st Quarter11 April 2016
2nd Quarter13 July 2016
3rd Quarter11 October 2016
4th Quarter11 January 2017

4. CREDIT MARKET MONITORING PROGRAMME RETURNS

1st Quarter29 April 2016
2nd Quarter29 July 2016
3rd Quarter31 October 2016
4th Quarter31 January 2017

The prudential returns and the credit market monitoring programme returns should be submitted through the Institutional Information Submission System (IISS) of the Bank Supervision Application (BSA) at https://bsa.boz.zm/bsav30, while softcopies of the Quarterly Financial Statements for publication and the Demonstration of the Cost of Borrowing Returns should be submitted to nbfisreturns@boz.zm.

A penalty of K500.00 per return per day will be charged for any incorrect or delayed submission of Prudential Returns and Quarterly Demonstration of the Cost of Borrowing Return. In the case of Quarterly Financial Statements for publication, a penalty of K1,500.00 per return per day shall apply in any of the following circumstances:

  • Failure to submit the quarterly financial statements;
  • Failure to obtain Bank of Zambia approval prior to publications
  • Publication of financial statements using incorrect formats; and
  • Publication of incorrect information

(Signature) Dr Tukiya Kankasa-Mabula DEPUTY GOVERNOR – ADMINISTRATION

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