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
Securities / Derivatives
HKMA Amends Requirements on Share Margin Financing
25/10/2021
The HKMA says continued enforcement of the requirement to observe market norms in the setting of maximum LTV ratios is no longer appropriate.
ESG / Sustainability
New Zealand Passes Climate Reporting Legislation in World First
24/10/2021
Mandatory climate disclosures will be required from early 2024, for annual reporting periods that start on or after 1 January 2023.
Securities / Derivatives
New Rules for PE Funds Take Effect in South Korea
23/10/2021
The revised rules improve investor protection and subject private equity funds to increased monitoring and external audits.
Market Infrastructure
US Regulators Publishes Guidance on ‘Orderly’ LIBOR Transition
21/10/2021
A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.
Enforcement
Appeals Tribunal Affirms SFC Punishment of Yi Shun Da Capital
21/10/2021
The Appeals Tribunal upheld the SFC’s decision to punish Yi Shun Da Capital over sponsor failures but reduced the penalty amount.
Market Infrastructure
BSE India to Offer T+1 Settlement from 3 January 2022
21/10/2021
BSE has told members and vendors to make necessary changes to their trading applications to ensure T+1 is supported.
Crypto / Digital Assets
NYSE Launches First US ETF Linked to Bitcoin with SEC Approval
21/10/2021
The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.
Market Infrastructure
APRA Issues Updated Guidance on New Remuneration Standards
21/10/2021
The guidance has been updated to align with the Financial Accountability Regime and provide additional examples of better practices to help entities transition smoothly.
AML / KYC
AUSTRAC Seizes Star Casino Files in Money Laundering Probe
20/10/2021
AUSTRAC is reported to be building a case against Star Entertainment Group over alleged shortcomings in its AML/CTF controls.
Market Infrastructure
BIS Outlines Principles for Designing Effective Taxonomies
20/10/2021
The principles for sustainable finance taxonomies will facilitate comparability and interoperability across firms and markets, the BIS says.
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