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
South Korea Set to Launch Second ‘New Deal’ Fund
27/11/2021
The KRW 100 billion fund will comprise KRW 80 billion from the private sector and retail investors and KRW 20 billion from the government.
Market Infrastructure
ASIC Imposes Licence Conditions on ASX Over 2020 Outage
26/11/2021
ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.
Enforcement
FSC Korea Cancels Business Licence of Optimus Asset Management
25/11/2021
The FSC has also fined Optimus and ordered board member removals, over “numerous counts of violations and inappropriate fund management activities”.
Securities / Derivatives
SEBI Relaxes Rule on Daily Fines for Disclosure Violations
25/11/2021
Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.
GBA Wealth Connect Pilot Records ¥200m in Transactions
24/11/2021
Net investment via Wealth Connect has exceeded CNY 200 million so far, with participation from around 11,500 retail investors.
Securities / Derivatives
SEBI Issues New Disclosure Rules for Related-Party Transactions
24/11/2021
Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.
South Korea Divests Key Stake in Woori Financial Group
24/11/2021
State-operated KDIC will no longer be the largest shareholder of Woori Financial Group, 23 years after the group was created in a government bailout.
Capital / Liquidity
RBNZ Consults on Potential Mortgage Lending Restrictions
23/11/2021
Banks need to prepare their systems for the future introduction of DSRs, and should be operationally ready to implement a regulated DTI limit by end-2022.
Fintech / Regtech
FSC Expands Access to Public Financial Data via Open APIs
23/11/2021
The newly added data types include information about stocks, bonds, funds, insurance products and microloan products.
Fintech / Regtech
RBI Panel Suggests Increasing Regulation for Digital Lenders
22/11/2021
The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.
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