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2026-07-14 08:31:38 · tojuri@vixio.com
Meta Id
3321580
Content ID
3330062
GUID
22b770293e5ecdc15279f0cce5cbd896

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🔄 Pipeline Journey

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TITLE: Hungarian National Bank Issues Enforcement Decision Against PRISCUS Ltd for Data Reporting Non-Compliance BODY: On July 10, 2026, the Hungarian National Bank (MNB) issued decision H-STA-I-21/2026 against PRISCUS Ltd (a financial intermediary based in Budapest), requiring the entity to submit outstanding annual supervisory reports for the 2025 reporting period. The MNB determined that PRISCUS Ltd failed to meet its statutory data reporting obligations to the central bank's information system. Under MNB Regulation 55/2024 (December 3, 2024), which governs supervisory reporting requirements for money and credit market organisations, PRISCUS Ltd was obligated to submit annual supervisory reports including mandatory annexes. The MNB issued the enforcement decision based on continuous monitoring of statutory data submissions, exercising powers under the Act on the Hungarian National Bank (Act CXXXIX of 2013), specifically sections 62 and 63. The decision requires PRISCUS Ltd to submit the outstanding annual supervisory reports in the format and manner specified by MNB Regulation 55/2024 within five working days from the date the decision becomes final. The MNB also called on PRISCUS Ltd to comply fully with all future data reporting obligations established by law or MNB authority decisions and to demonstrate lawful conduct. The MNB warned that failure to meet the submission deadline or repeated violations of applicable laws and MNB decisions could result in further enforcement action, including fines ranging from HUF100,000 to HUF2 billion (or 200 percent of PRISCUS Ltd's annual supervisory fee, whichever is higher), or revocation of its operating licence, under sections 75 and 76 of the MNB Act and sections 34 and 185 of the Credit Institutions and Financial Enterprises Act (Act CCXXXVII of 2013).
  • Scraped:2026-07-14 08:31:38
  • Created:2026-07-14 08:31:37
  • By:tojuri@vixio.com (9)