Navigating NFRA Compliance Measures for Foreign Funded Banks

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Authors: Han Kun Law Offices Ting Zheng丨Raymond Yan 丨Eryin Ying丨Lin Zhu丨Shirley Liang丨Hattie Zhang Overview On 27 December 2024, the National Financial Regulatory Administration (" NFRA ") issued the Measures for the Compliance Management of Financial Institutions (《金融机构合规管理办法》) (" Compliance Measures "), which will take effect on 1 March 2025.  Prior to that, the NFRA released the consultation draft of the Compliance Measures to solicit public comments on 16 August 2024 (" Consultation Paper "). The Compliance Measures are built upon the Guidelines on Compliance Risk Management for Commercial Banks (《商业银行合规风险管理指引》) (" Old Compliance Guidelines "), and the Administrative Measures for the Compliance Management of Insurance Companies (《保险公司合规管理办法》) , and will replace them from 1 March 2025, aiming to guide financial institutions (including commercial banks) in establishing more comprehensive and eff ………………………………