Regulatory Alerts2017-01-01
Circular No. 1/2017: Calendar for Submission of Returns
The Bank of Zambia has issued Circular No. 1/2017 to establish the submission deadlines and penalty framework for non-bank financial institutions and bureaux de change for 2018. The directive specifies monthly, quarterly, weekly, and annual due dates for prudential returns, financial statements, cost of borrowing demonstrations, and credit market monitoring programme reports. It mandates electronic submission through the Institutional Information Submission System or designated email, while imposing daily penalty fees ranging from K100 to K1,500 for late or non-compliant filings.
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