Applicable legislation and main international standards:
Government decree 205/2014. (VIII.15.) on the individual rules regarding the independent valuers and their selection based on the further development of the system of institutions strengthening the security of the individual players of the financial mediating system
Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (BRRD)
Options and National Discretions:
The BRRD contains a large number of national discretions and options which may be applied on the basis of national circumstances.