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
CSRC Approves China Telecom Shanghai IPO Following US Ban
28/07/2021
China’s flow of IPOs to the US is expected to ease, with companies instead choosing to list in Shanghai, Shenzhen, or Hong Kong.
Enforcement
NZ FMA Censures FoxPlan Over Unpermitted Financial Advice
28/07/2021
FoxPlan representatives misrepresented to clients that they were an authorised financial advisers or financial planners when they were not.
Fintech / Regtech
Beijing Financial Court Launches Fintech Legal Research Centre
28/07/2021
The Beijing Fintech Legal Research Centre will research fintech compliance standards, explore regulatory models, and drive fintech legal advances.
Enforcement
ASIC Appeals Dismissal of Cigno, BHF Solutions Case
28/07/2021
ASIC’s appeal seeks judicial clarification on the operation of key obligations under the National Credit Act and National Credit Code.
Capital / Liquidity
Sri Lanka Central Bank Directs Banks to Defer Dividends
28/07/2021
The CBSL issued the directives after considering the possible adverse impact on liquidity and other KPIs of banks due to Covid-19.
Fintech / Regtech
Eftpos Explores Better Access to Electronic Payments by Fintechs
28/07/2021
A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms’ access to the eftpos network.
Crypto / Digital Assets
Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits
27/07/2021
Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.
Market Infrastructure
RBNZ, FMA Consult on Implementation of FMI Act
27/07/2021
The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.
Fintech / Regtech
New Body Formed to Promote Open Standards for Capital Markets
27/07/2021
The GLML Foundation is developing general-purpose legal markup language as an open data standard for capital markets.
Securities / Derivatives
Thailand SEC Consults on Securities Law Revisions
27/07/2021
The amended Securities and Exchange Act will promote cooperation between financial market regulators including the SEC, BOT and OIC.
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