RegAlert2014-01-30
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NB Circular No. 2/2014 Calendar for Submission of Monthly, Quarterly and Financial Returns
The Bank of Zambia establishes the 2014 submission deadlines for monthly, quarterly financial statements, and cost of borrowing returns for all non-bank financial institutions and bureaux de change. Prudential returns must be filed via the Institutional Information Submission System, while cost of borrowing demonstrations are submitted by email. Late or incorrect submissions incur daily penalties of K500 for prudential and cost of borrowing returns, and K1,500 for quarterly financial statements failing approval or format requirements.
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BANK OF ZAMBIA
OFFICE OF THE DEPUTY GOVERNOR - ADMINISTRATION
January 30, 2014
NB Circular No: 02/2014
To : All Non-Bank Financial Institutions and Bureaux de Change
CALENDAR FOR SUBMISSION OF MONTHLY RETURNS, QUARTERLY RETURNS, QUARTERLY FINANCIAL STATEMENTS FOR PUBLICATION AND QUARTERLY DEMONSTRATION OF THE COST OF BORROWING 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; and quarterly demonstration of the cost of borrowing returns for 2014 are as follows: -
MONTHLY RETURNS
| Month | Due Date |
|---|---|
| January | 11 February 2014 |
| February | 11 March 2014 |
| March | 9 April 2014 |
| April | 12 May 2014 |
| May | 10 June 2014 |
| June | 11 July 2014 |
| July | 12 August 2014 |
| August | 9 September 2014 |
| September | 9 October 2014 |
| October | 11 November 2014 |
| November | 9 December 2014 |
| December | 12 January 2015 |
QUARTERLY FINANCIAL STATEMENTS AND RETURNS
| 1st Quarter | 9 April 2014 |
| 2nd Quarter | 11 July 2014 |
| 3rd Quarter | 9 October 2014 |
| 4th Quarter | 12 January 2015 |
........2/-
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia. Tel: +260-211-229930 Fax: +260-211-222808 E-mail: tkmabula@boz.zm Web: http://www.boz.zm
NB Circular No: 02/2014 - 2 - January 30, 2014
QUARTERLY DEMONSTRATION OF THE COST OF BORROWING
| 1st Quarter | 9 April 2014 |
| 2nd Quarter | 11 July 2014 |
| 3rd Quarter | 9 October 2014 |
| 4th Quarter | 12 January 2015 |
The Prudential Returns should be submitted through the Institutional Information Submission System (IISS) of the Bank Supervision Application (BSA) at https://mail.boz.zm/bsav30, while softcopies of 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 and Demonstration of the Cost of Borrowing Returns. In the case of the Quarterly Financial Statements, 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 publication;
- Publication of financial statements using incorrect formats; and
- Publication of incorrect information.
[Signature]
Dr Tukiya Kankasa-Mabula
DEPUTY GOVERNOR – ADMINISTRATION
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia. Tel: +260-211-229930 Fax: +260-211-222808 E-mail: tkmabula@boz.zm Web: http://www.boz.zm
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