Sanday Chongo Kabange is an experienced multimedia journalist and a contributor to Regulation Asia. He focuses on compliance, regulatory and legal issues for financial services.
Securities / Derivatives
Philippine SEC Proposes Draft Rules For Umbrella Funds
21/02/2022
Investment companies will be allowed to operate umbrella funds as long as they create at least two sub-funds, which segregated assets and liabilities.
APRA Proposes to ‘Sharply’ Increase Superannuation Transparency
21/02/2022
APRA plans to start publishing new aggregate industry, fund-level and product-level statistics on superannuation from June.
Fintech / Regtech
Korea FSS Includes NFT, Metaverse Monitoring in Annual Work Plan
20/02/2022
The FSS said it will strengthen its supervision of “new trading assets such as NFTs” and “prepare countermeasures” if necessary to protect consumers against damage.
Fintech / Regtech
NYSE Seeks Trademark Licences for Digital Marketplace
18/02/2022
A filing with the US Patent and Trademark Office suggests the NYSE may be planning to launch an NFT marketplace as well as its own cryptocurrency.
AML / KYC
Bangladesh Revises Rules on Mobile Financial Services
17/02/2022
The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.
Securities / Derivatives
HK Government Set to Issue Inaugural Retail Green Bond
17/02/2022
Hong Kong financial secretary Paul Chan said the issuance allows residents to “directly contribute to greening Hong Kong and share the fruit of the sustainable development”.
Securities / Derivatives
Splitting Chairman, MD, CEO Roles No Longer Mandatory: SEBI
17/02/2022
Only 54 percent of the listed companies in scope had complied with the rule as of end-2021, so it will instead become voluntary.
Fintech / Regtech
Applications Open for ‘Data Specialising Institutions’ Designation: FSS
16/02/2022
Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.
Fintech / Regtech
IMF Paper Offers Insights from Six CBDC Pioneer Projects
15/02/2022
A new IMF paper offers lessons on CBDCs drawn from ongoing projects in China, the Bahamas, Sweden, Uruguay, Canada and the ECCU.
AML / KYC
MAS Tables Bill to Obtain Enhanced Regulatory Powers
15/02/2022
The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.
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