Posts By Sanday Chongo Kabange, Regulation Asia
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121China Shuts Down Cross-border Gambling, Payments Platforms
Sanday Chongo Kabange, Regulation Asia January 21, 2021The Ministry of Public Security arrested over 75,000 suspects and shut down thousands of online gambling platforms, payment platforms and underground banks in 2020.
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129Australia: Xinja Bank Completes Return of Customer Deposits
Sanday Chongo Kabange, Regulation Asia January 19, 2021Australian neobank Xinja announced in December that would be exiting the market, just 15 months after receiving its licence.
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175Thailand SEC Declares Support for TCFD, Enhanced ESG Disclosures
Sanday Chongo Kabange, Regulation Asia January 19, 2021The move will lead to better disclosure of ESG information in the capital market, including information related to greenhouse gas emissions.
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116Korea Announces Additional Support to Covid-19 Hit Businesses
Sanday Chongo Kabange, Regulation Asia January 19, 2021The funding support includes additional support for small merchants, a new special lending programme, and additional funding for distressed asset manager KAMCO.
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110FSC Korea Prepares to Lift Ban on Illegal Short Selling
Sanday Chongo Kabange, Regulation Asia January 16, 2021The FSC has revised the FSCMA enforcement decree as part of efforts to strengthen penalties for illegal short selling, as it prepares to lift a ban on short selling in March.
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134China to Accelerate Development of Domestic Derivatives Market
Sanday Chongo Kabange, Regulation Asia December 23, 2020China’s financial futures and options market "far lags" market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.
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139US SEC Penalises Robinhood $65m for Misleading Customers
Sanday Chongo Kabange, Regulation Asia December 22, 2020The SEC said Robinhood misled customers into believing trading was commission free, while it executed customers’ orders at inferior trade prices costing them $34mn.
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168SEBI Consults on New Rules for Index Providers
Sanday Chongo Kabange, Regulation Asia December 16, 2020SEBI proposes rules for index providers that conform to IOSCO requirements, to align India's practices with those observed in foreign jurisdictions.
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156ASIC Sues Three Firms For Illicitly Offering FX Margin Trading
Sanday Chongo Kabange, Regulation Asia December 16, 2020ASIC alleges Union Standard provided trading in margin FX products to clients in China in circumstances where it was illegal for Chinese residents to deal or trade in those products.
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146AUSTRAC Releases Risk Assessment of Junket Tour Operators
Sanday Chongo Kabange, Regulation Asia December 15, 2020AUSTRAC expects casinos to use the risk assessment to protect their businesses and communities from criminal threats such as money laundering.
