Regulatory Alerts2020-01-06
Added · Updated
Calendar for Submission of Payment Systems Returns for 2020
The Bank of Zambia has established submission deadlines for monthly, quarterly, and audited annual financial statement returns for payment systems entities throughout 2020. All regulated institutions must electronically file their completed returns to psdreturns@boz.zm by the specified due dates, with annual statements required within three months of year-end. Failure to submit accurate returns on time will incur a daily penalty of K500.00 per institution.
BANK of ZAMBIA
OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/bcps/bp
January 6, 2020
CB Circular No. : 01/2020
To : All Heads of Commercial Banks and Designated Payment Systems Entities
CALENDAR FOR SUBMISSION OF PAYMENT SYSTEMS RETURNS FOR THE YEAR 2020
Kindly be informed that the due dates for submission of Payment Systems Returns for the 2020 financial year are as follows:
1. MONTHLY RETURNS
| Month | DUE DATE |
|---|---|
| January | February 10, 2020 |
| February | March 10, 2020 |
| March | April 8, 2020 |
| April | May 11, 2020 |
| May | June 8, 2020 |
| June | July 10, 2020 |
| July | August 11, 2020 |
| August | September 8, 2020 |
| September | October 8, 2020 |
| October | November 9, 2020 |
| November | December 8, 2020 |
| December | January 11, 2021 |
2. QUARTERLY RETURNS
| Quarter | DUE DATE |
|---|---|
| 1st Quarter | April 8, 2020 |
| 2nd Quarter | July 10, 2020 |
| 3rd Quarter | October 8, 2020 |
| 4th Quarter | January 11, 2021 |
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. 01/2020 - 2 - January 6, 2020
3. AUDITED ANNUAL FINANCIAL STATEMENTS
The Audited Annual Financial Statements should be submitted within three calendar months after the end of the financial year of your institution.
Further, kindly be advised that a penalty of K500.00 (Kwacha five hundred only) will be charged per day for any delayed submissions or incorrect returns.
Kindly be informed accordingly.
Francis Chipimo (PhD)
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
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