Sanday Chongo Kabange
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.
Articles by Sanday Chongo Kabange
Market Infrastructure
NZX Consults On Introduction of Exchange-delivered Dark Pool
14/09/2023
‘NZX Dark’ will provide an alternative venue for investors to execute large transactions with anonymity and price improvement.
Fintech / Regtech
SEC Philippines Allows Crowdfunding Platforms to Act as Registrars
14/09/2023
To date, only traditional financial intermediaries have been allowed to act as registrars under the securities regulation code.
Fintech / Regtech
US SEC Grants Nasdaq Approval to Launch AI-Powered Order Type
14/09/2023
The order type enhances liquidity, execution quality improvement outcomes, and fill rates by adjusting dynamically to real-time market conditions.
AML / KYC
Singapore’s PayNow to End ‘Nickname’ Feature Next Year
12/09/2023
The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.
Enforcement
SFC Revokes Fund Manager Licence, Suspends Manager-In-Charge
12/09/2023
Axial Capital Management failed to maintain its required liquid capital for 19 straight months and to make various filings on time.
AML / KYC
CFTC Commissioner Calls for Creation of National Financial Fraud Registry
12/09/2023
Commissioner Christy Goldsmith Romero says a centralised national financial fraud registry would enable the public to protect themselves from fraudsters.
Australia Passes Bill to Ease Education Burden on Financial Advisers
12/09/2023
The new legislation will allow financial advisers with 10 years’ experience and a clean record stay in the industry.
Crypto / Digital Assets
BSP Announces Key Technology Decision for CBDC Pilot
10/09/2023
Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.
Enforcement
ASIC Sues AustralianSuper For Failing to Consolidate Member Accounts
08/09/2023
ASIC alleges that for almost 10 years, AustralianSuper charged fees on unintended multiple accounts, affecting approximately 90,000 members.
ESG / Sustainability
SEC Philippines to Issue Revised Sustainability Reporting Guidelines
08/09/2023
The SEC says the revised guidelines will take into account the IFRS S1 and S2 standards and ensure listed companies report sustainability information consistently.
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