Posts By Sanday Chongo Kabange, Regulation Asia
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158ASIC Issues Final Guidance on Breach Reporting Obligations
Sanday Chongo Kabange, Regulation Asia September 8, 2021Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.
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171S. Korea: New FSC, FSS Chiefs to Rebuild Cooperative Relations
Sanday Chongo Kabange, Regulation Asia September 7, 2021The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.
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160Hainan to Pilot Cross-Border Asset Management Trials
Sanday Chongo Kabange, Regulation Asia September 7, 2021Hainan’s also plans also launch QFLP and QDLP trials and enhanced currency convertibility to facilitate cross-border trade and investment.
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439WEF Paper Calls for Balanced Approach to Crypto Regulation
Sanday Chongo Kabange, Regulation Asia September 7, 2021Rather than banning cryptocurrencies, regulators are urged to collaborate to create regulatory clarity, close loopholes and mitigate regulatory arbitrage.
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148APRA Issues Response on Bank Data Disclosure Regime
Sanday Chongo Kabange, Regulation Asia September 5, 2021APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.
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ASIC Offer Guidance on New Complaints Handling Obligations
Sanday Chongo Kabange, Regulation Asia September 3, 2021ASIC says more work is needed from superannuation trustees to comply with new internal dispute resolution standards that become enforceable in October.
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171HKEX Identifies Compliance Deficiencies by Exchange Participants
Sanday Chongo Kabange, Regulation Asia September 3, 2021In a new bulletin, HKEX offers guidance on compliance with LOP reporting, client margin and block trade order execution requirements.
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281BIS, Four Central Banks Partner to Test Cross-Border CBDC Use
Sanday Chongo Kabange, Regulation Asia September 3, 2021The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.
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298S. Korea Bans Payment Monopolies in App Stores
Sanday Chongo Kabange, Regulation Asia September 2, 2021South Korea is the first country to pass legislation forcing companies like Apple and Google to offer payment alternatives in their app stores.
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100Australian Industry Bodies to Standardise Advice Fee Disclosures
Sanday Chongo Kabange, Regulation Asia September 2, 2021The Financial Services Council and Financial Planning Association are developing an industry standard form to be used for advice fee disclosures.
