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2026-07-14 08:31:39 · tojuri@vixio.com
Meta Id
3321573
Content ID
3330055
GUID
8611adc8f6590ef4b2a6d345cecaae66

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TITLE: Hungarian National Bank Issues Enforcement Action Against Milton Investment for Late Regulatory Reporting BODY: On May 22, 2026, the Hungarian National Bank (MNB) issued decision H-STA-I-13/2026 against Milton Investment Zrt. (registration number: 01-10-045496) for failing to meet regulatory reporting deadlines. The MNB determined that Milton Investment Zrt. failed to submit quarterly supervisory reports to the central bank's information system by the required deadline for the first quarter of 2026. The reports were required under MNB Regulation 43/2025 (December 4, 2025) concerning data submission obligations for the MNB's supervision of money and credit market organisations. The regulation specifies quarterly reporting requirements in rows 1–3, 12–31, 34–36, and 41–46 of the summary table in Annex 4, including mandatory accompanying documentation. The MNB issued a formal notice requiring Milton Investment Zrt. to comply fully with all future data submission obligations established by law or MNB administrative decisions and to conduct itself lawfully. The decision emphasises that repeated violations of laws and MNB decisions within the MNB's supervisory remit may result in further enforcement action, including fines and revocation of the company's operating licence. Under the Act on the Hungarian National Bank (2013, Act CXXXIX) and the Act on Credit Institutions and Financial Undertakings (2013, Act CCXXXVII), fines may range from 100,000 forint to 2 billion forint, or up to 200 percent of the company's annual supervisory fee (base fee plus variable fee combined), whichever is higher. No procedural costs were incurred during this proceeding.
  • Scraped:2026-07-14 08:31:39
  • Created:2026-07-14 08:31:38
  • By:tojuri@vixio.com (9)