Zambia Act or statute

Zambia legislation

Bank of Zambia (Amendment) Act, 2013

financial chargesfinancial stabilitygovernment printerinterest ratesoffencespenaltiespublication accessstatutory amendment

Jurisdiction: Zambia
Structure: 4 provisions
Citation: Act 1 of 2013
Dates: As at 22 Mar 2013

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Dates: As at 22 Mar 2013

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Purpose and legislative effect

“Single copies of the Act may be obtained from the Government Printer for K1.OD each.”

Single copies of the Act may be obtained from the Government Printer for K1.OD each. The Bank may regulate interest rates and other charges on banking transactions to support price and financial system stability. This provision says the principal Act is being amended by inserting a new section after section 56. If a person commits an offence under the Act and no specific penalty is provided, conviction can lead to a fine of up to three million penalty units, imprisonment for up to five years, or both.

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The principal Act is amended by the insertion, immediately

Single copies of the Act may be obtained from the Government Printer for K1.OD each.

Section 3

The Bank may, in support of price and financial system

The Bank may regulate interest rates and other charges on banking transactions to support price and financial system stability.

Section 44A

The principal Act is amended by the insertion, immediately

This provision says the principal Act is being amended by inserting a new section after section 56.

Section 4

A person who commits an offence under this Act for

If a person commits an offence under the Act and no specific penalty is provided, conviction can lead to a fine of up to three million penalty units, imprisonment for up to five years, or both.

Section 56A

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Source record from zambialii.org · As at 22 Mar 2013

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Showing 4 of 4 provisions

Amendment 2ProvisionOffence

§ 3The principal Act is amended by the insertion, immediatelyAmendment

Single copies of the Act may be obtained from the Government Printer for K1.OD each.

3. The principal Act is amended by the insertion, immediately after section forty-four, of the following new section: Insertion of new section 44A Single copies of this Act may be obtained from the Government Printer, P.O. Box 30136, 10101 Lusaka, PriceK I.OD each. 2 No,· 1 of 2013) Bank of Zambia (Amendment) Interest rates and other charges by financial service providers Insertion of new section 56A General penalty

Section 3Verify source

§ 44AThe Bank may, in support of price and financial systemProvision

The Bank may regulate interest rates and other charges on banking transactions to support price and financial system stability.

44A.The Bank may, in support of price and financial system stability, _regulate the rate of interest and other charges that financial service providers may impose on a banking transaction.

Section 44AVerify source

§ 4The principal Act is amended by the insertion, immediatelyAmendment

This provision says the principal Act is being amended by inserting a new section after section 56.

4. The principal Act is amended by the insertion, immediately after section.fifty-six, of the following new section:

Section 4Verify source

§ 56AA person who commits an offence under this Act forOffence

If a person commits an offence under the Act and no specific penalty is provided, conviction can lead to a fine of up to three million penalty units, imprisonment for up to five years, or both.

56A. A person who commits an offence under this Act for which no penalty is specifically provided is liable, upon conviction, to a fine not exceeding.three million penalty units or to imprisonment for a term not exceeding five years, or to both.

Section 56AVerify source

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1 referenced instrument

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A–F

1 instrument

Act may be obtained from the Government Printer for K1.OD each. 3. The principal Act
Section 3

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22 Mar 2013 · currentEnglish

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