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Hungary’s central bank updates website to protect investors

Users can check financial firms’ licences and report suspicious activity online, including anonymously.

The Magyar Nemzeti Bank has revamped its market supervision and capital markets website. It offers investor guidance and an online form for reporting suspected unlicensed providers.

Author: Робот Source: Hungarian National Bank

A page on the Magyar Nemzeti Bank website with investor information and market warnings.
The Magyar Nemzeti Bank’s updated website for investor protection. Illustrative photo. Photo: Egrian / Wikimedia Commons, Public domain

The Magyar Nemzeti Bank (MNB) has revamped the part of its website covering market supervision and capital markets. The new section is designed as an informative resource for investors.

In the “Search for market participants” section, consumers can check whether an institution is authorised to provide financial or investment services. The site also offers information on investment types, high-risk offers and investor protection.

Users can report suspected providers operating without supervisory authorisation or notification, as well as possible capital market abuse. Reports can be submitted online and anonymously.

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The MNB publishes warnings about individuals and providers without the required licence or registration. During investigations, it may prohibit their activities, file a complaint with law enforcement, block their websites and take steps to secure any client funds that remain.

The MNB’s blacklist currently contains nearly 200 names. The new section also makes available information on unauthorised providers sent to the Hungarian regulator by its foreign counterparts.

Translated from Hungarian using artificial intelligence. Source: Hungarian National Bank

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