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
ASIC Issues Guidance on Ongoing Fee Arrangements
16/06/2021
A new information sheet provides guidance on ongoing fee arrangements, fee disclosure statements, and ongoing fee consents.
Fintech / Regtech
SEBI Revises Eligibility Rules for Regulatory Sandbox
16/06/2021
SEBI-registered entities can apply to the sandbox in partnership with other entities. Eligibility requirements are set out for two stages of sandbox testing.
Fintech / Regtech
China to Expand Fintech Sandbox to More Regions – Report
16/06/2021
The governments of Dalian, Guizhou, Hubei, Shanxi and Xinjiang have reportedly unveiled plans to launch new fintech sandboxes this year.
AML / KYC
WEF Offers Framework to Help Prevent Illicit Financial Flows
16/06/2021
The “Unifying Framework” published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.
Enforcement
Hong Kong: Ex-Dah Sing Bank Manager Jailed for Fraud
16/06/2021
The former financial planning manager told a client he was required to buy an insurance policy before he could open a corporate bank account.
Securities / Derivatives
US Federal Court Sanctions Australian Trader for Spoofing
15/06/2021
The Propex Derivatives trader is required to repay $21,000 in disgorgement and cease and desist from violating anti-spoofing and manipulation rules.
Enforcement
MAS Reprimands Four FIs Over Remuneration Practices
15/06/2021
Two insurers, two financial advisory firms, and two individuals were reprimanded over breaches related to their risk management arrangements and remuneration practices.
Crypto / Digital Assets
More Chinese Provinces Restrict Crypto Mining Activity
15/06/2021
Qinghai, Yunnan, and a prefecture in Xinjiang have joined Inner Mongolia in imposing restrictions on cryptocurrency mining.
Market Infrastructure
China Passes Law Establishing Hainan as Free Trade Port
15/06/2021
The law states that Hainan will implement a “minimalist” investment approval system and create an “open, transparent, and predictable investment environment”.
Fintech / Regtech
FSC Korea Grants Preliminary Approval to ‘Kakao Insurance’
11/06/2021
This first time the FSC has granted approval for digital insurance business to a new entrant that is not already an insurer.
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