REGULATORY ENVIRONMENT

Domestic rules of law

  • Act C of 2000 on Accounting
  • Act CXXXVIII of 2007 on Investment Firms and Commodity Dealers and on the Regulations Governing their Activities
  • Act LIII of 2017 on the Prevention and Combating of Money Laundering and Terrorist Financing
  • Act LXXXV of 2009 on the Pursuit of the Business of Payment Services
  • Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises
  • Act V of 2013 on the Civil Code
  • The Act on the Budget of Hungary in force at the time
  • Act CXXII of 2009 on Law-efficient operation of a publicly owned companies
  • Act XLII of 1994 on the Hungarian Export-Import Bank Corporation and the Hungarian Export Credit Insurance Corporation
  • Act CXX of 2001 on the Capital Market
  • Act CXII of 2011 on the Right of Informational Self-Determination and on Freedom of Information
  • Act I of 2012 on the Labor Code
  • Act LII of 2017 on financail restrictive measures adobted by the European Union and the UN Security Council
  • Act LIV of 2018 on the Protection of Business Secrets
  • Act XLIII of 2021 on Setting Up and Operating the Data Reporting Background Relating to the Identification Obligation of Providers of Financial and Other Services
  • Government Decree 192/2000 (XI. 24) on the specificities of the annual reporting and accounting obligations of insurance undertakings

  • Govt. Decree 312/2001. (XII. 28.) on the terms of the insurance of non-marketable risks by the Hungarian Export Credit Insurance Corporation with a government absolute suretyship provided from the central budget
  • Decree No 35 2017 (XII. 14.) of the Governor of the National Bank of Hungary on Payment Services Activities
  • Decree adopted by the Ministry of Finance 16/1998 (V.20) on the detailed rules for accounts with the Central Budget, followed by Hungarian Export-Import Bank Private Limited Company, Hungarian Export Credit Insurance Private Limited Company
  • Government Decree 85/1998. (V. 6.) on the Interest Equalisation System of the Hungarian Export-Import Bank
  • Government Decree 435/2012 (XII. 29.) on Guarantees Assumed by the Hungarian Export-Import Bank with a State Payment Guarantee and on the Conditions and Detailed Regulations of the Replacement and Interest Costs of Foreign Currency and Interest Swap Transactions
  • Government Decree 232/2003 (XII. 16.) on Tied Aid Loans Disbursed by Eximbank

International regulations