meta_id 3321582

On July 10, 2026, the Hungarian National Bank (MNB) issued enforcement decision H-STA-I-23/2026 against Quality Finance Consulting Kft., an independent financial intermediary based in Budapest. The MNB determined that Quality Finance Consulting Kft. failed to comply with mandatory data reporting obligations under MNB Regulation 55/2024 (December 3, 2024), which establishes supervisory reporting requirements for money and credit market organisations. The MNB's continuous monitoring of statutory data submissions identified deficiencies in the intermediary's annual supervisory reporting for the 2025 reporting period. The MNB decision requires Quality Finance Consulting Kft. to submit the outstanding annual supervisory reports, including all required annexes, within five working days of the decision becoming final. The reports must be submitted in the format, content, and manner specified by MNB Regulation 55/2024. The MNB also called upon the intermediary to ensure full compliance with all future data reporting obligations established by law or MNB authority decisions and to demonstrate lawful conduct. The decision warns that failure to meet the submission deadline or repeated violations of applicable legislation and MNB decisions may result in further enforcement action. Under the Act on the Hungarian National Bank (2013) and the Act on Credit Institutions and Financial Enterprises (2013), the MNB may impose administrative fines ranging from HUF100,000 to HUF2 billion, or up to 200 percent of the intermediary's annual supervisory fee, whichever is greater. The MNB may also revoke the intermediary's operating licence.