Regulatory Alerts2016-01-01
Calendar for Submission of Prudential Returns, Quarterly Cost of Borrowing Returns, Financial Statements and Credit Market Monitoring Programme Returns
The Bank of Zambia mandates updated 2017 submission deadlines for monthly, quarterly, and weekly prudential returns, cost of borrowing demonstrations, financial statements, and credit market monitoring programme returns across all non-bank financial institutions and bureaux de change. Institutions must file these reports through the Bank Supervision Application portal or designated email addresses according to a strict monthly and quarterly schedule. The directive enforces daily penalty fees of K100 to K1,500 for late or non-compliant submissions, with elevated charges applied specifically to financial statements that fail prior regulatory approval or utilize incorrect formats.
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