Regulatory Alerts2020-01-01
CB Circular No. 31/2020 – 2021 Calendar for Submission of Returns
The Bank of Zambia issued this circular to establish the official 2021 submission deadlines for commercial banks regarding prudential, Basel II capital adequacy, ICAAP, credit market monitoring, quarterly financial statements, and bank charges returns. All monthly prudential and credit market monitoring returns must be filed through the Bank Supervision Application System, while quarterly financial statements require prior regulatory approval and specific formatting. The directive enforces daily penalties of K500 for delayed or incorrect monthly submissions and K1,500 for quarterly financial statement failures, non-approval, or incorrect publication.
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