Posts By Sanday Chongo Kabange, Regulation Asia
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21New Rules for PE Funds Take Effect in South Korea
Sanday Chongo Kabange, Regulation Asia October 23, 2021The revised rules improve investor protection and subject private equity funds to increased monitoring and external audits.
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82US Regulators Publishes Guidance on ‘Orderly’ LIBOR Transition
Sanday Chongo Kabange, Regulation Asia October 22, 2021A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.
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71Appeals Tribunal Affirms SFC Punishment of Yi Shun Da Capital
Sanday Chongo Kabange, Regulation Asia October 22, 2021The Appeals Tribunal upheld the SFC’s decision to punish Yi Shun Da Capital over sponsor failures but reduced the penalty amount.
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40BSE India to Offer T+1 Settlement from 3 January 2022
Sanday Chongo Kabange, Regulation Asia October 21, 2021BSE has told members and vendors to make necessary changes to their trading applications to ensure T+1 is supported.
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100NYSE Launches First US ETF Linked to Bitcoin with SEC Approval
Sanday Chongo Kabange, Regulation Asia October 21, 2021The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.
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76APRA Issues Updated Guidance on New Remuneration Standards
Sanday Chongo Kabange, Regulation Asia October 21, 2021The guidance has been updated to align with the Financial Accountability Regime and provide additional examples of better practices to help entities transition smoothly.
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108AUSTRAC Seizes Star Casino Files in Money Laundering Probe
Sanday Chongo Kabange, Regulation Asia October 20, 2021AUSTRAC is reported to be building a case against Star Entertainment Group over alleged shortcomings in its AML/CTF controls.
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120BIS Outlines Principles for Designing Effective Taxonomies
Sanday Chongo Kabange, Regulation Asia October 20, 2021The principles for sustainable finance taxonomies will facilitate comparability and interoperability across firms and markets, the BIS says.
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108Singapore Consults on Amendments to Accountants Act
Sanday Chongo Kabange, Regulation Asia October 20, 2021Under the changes, ACRA can conduct inspections on accountants for compliance with AML/CFT requirements, and impose penalties for non-compliance.
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118RBA Warns of Divestment Risk Amid Climate Change Threat
Sanday Chongo Kabange, Regulation Asia October 19, 2021While there are currently only isolated examples of divestment from Australia because of climate risk, the likelihood of more significant divestment is increasing.
