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
Trading & Investment
FIA Highlights Challenges of HKEX Position Limits Proposals
07/07/2022
The introduction of two more tiers in the position limit regime for single stock options and futures would bring additional operational challenges for exchange participants.
Anti-Money Laundering
New Zealand DIA Publishes Guidance on AML/CFT Approach & Strategy
06/07/2022
The first publication covers the DIA’s approach to regulating AML/CFT. The second outlines how the DIA uses its compliance and enforcement toolkit.
Clearing & Post-Trade
Hong Kong, China to Launch ‘Swap Connect’ in Six Months
05/07/2022
Swap Connect will initially enable Hong Kong and international investors to trade in Mainland interest rate swaps, and potentially other derivatives in futures.
Conduct, Culture & Accountability
New Zealand Passes Law to Introduce ‘Conduct Licensing’ Regime
30/06/2022
Banks, insurers and non-bank deposit takers will be required to obtain a conduct licence from the FMA, on top of their prudential licences from the RBNZ.
Cloud & Infrastructure
RBI Issues Draft Rules on Managing IT Outsourcing Risks
28/06/2022
Regulated entities don’t require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
Structural Regulation
ASIC Issues Guidance on CCIV Registration, Licensing
24/06/2022
To register a CCIV and initial sub-fund, a corporate director would first need to obtain an AFS licence, which can be a variation of an existing licence.
Reporting & Disclosures
IFRS Foundation, VRF Finalise Consolidation Arrangements
24/06/2022
The consolidation will support the sustainability reporting work of the ISSB, which is also working to establish an MOU with GRI.
Anti-Money Laundering
AUSTRAC Focuses Efforts on Gambling Sector, Prosecutions
22/06/2022
AUSTRAC CEO Nicole Rose says the gambling sector must invest in robust compliance and AML programmes.
Reporting & Disclosures
Thai SEC Partners With CDP to Drive Environmental Disclosures
22/06/2022
The SEC and CDP will co-develop a programme to improve the quantity and quality of environmental disclosures from corporates and FIs in Thailand.
Structural Regulation
Korea Post Offices to Start Offering Simple Banking Services
22/06/2022
Korea’s post offices will start offering deposit, withdrawal, balance inquiry and ATM services of four banks – Kookmin, Shinhan, Woori and KEB Hana.
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