Hungary

Author: | Published: 1 Jul 2005

Hungary has met the implementation deadline; the final rules are due to be published soon. By Andrea Miskolczi

On June 20 2005, only a few days before its summer break, the Hungarian Parliament voted on the Amendments to the Hungarian Capital Markets Act. The Amendments aim to harmonize the Hungarian regulatory regime with the Prospectus Directive and the Market Abuse Directive, and became effective as of July 1 2005. At the time of drafting this article, the final accepted rules have not yet been published, so some points are summarized below on the basis of the latest available draft.

At first sight it might seem...