Authorisation
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Authorisation
How can you obtain a supervisory authorisation?
Every domestic innovative financial service provider must be authorised. In Hungary, the MNB has the authority to grant authorisation, and we also provide pre-application support.
Step
1
Preparation
Before submitting the application, it is advisable to familiarise yourself with the relevant legislation and requirements. Thorough preparation facilitates smooth processing.
Step
2
Use of Regulatory Guidance
If facing legal or regulatory challenges before the submission, MNB subject matter experts provide regulatory guidance and consultation opportunities.
Step
3
Submission of Application
The application must be submitted electronically, together with all required information.
Step
4
Ongoing communication during the application process
Ongoing communication with the case officer regarding the application, including, but not limited to follow-up questions, additional requirements.
Lépés
5
Successful application
At the end of the process, the MNB decides on granting the authorisation. Following a positive decision, the financial service may be lawfully commenced on the Hungarian market.
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