Fund and asset management · Magyar Nemzeti Bank
Hungarian fund manager authorisation (MNB)
Hungary supervises fund managers through its central bank, in a market with a well-established domestic fund industry relative to its size, particularly in real estate and domestic securities strategies.
The regulator
The Magyar Nemzeti Bank combines monetary policy with integrated financial supervision, so fund managers answer to the same institution that oversees the wider financial system. It applies EU requirements with a prudential emphasis.
What the licence permits
Regulated under the Magyar Nemzeti Bank
- Manage alternative investment funds from Hungary
- Provide discretionary portfolio management to Hungarian clients
- Serve a developed domestic fund market for its size
- Passport management and marketing into other EEA states
Who it suits
Managers with Central European strategies, and firms targeting a domestic investor base with established fund allocation habits.
Market access
EEA passporting for management and for marketing to professional investors, from a Central European base with an established domestic fund industry.
What to weigh
Supervision runs substantially in Hungarian and the domestic currency adds an operational layer for euro-denominated strategies.
We run the Hungary application end to end
Whether you build from new or acquire an existing licensed entity, BrokLicense handles incorporation, the regulator application, the AML and compliance framework, safeguarding and banking arrangements, and the operating stack. You stay the principal. We do the work, in confidence, and stay on for compliance once you are live.
Cost, capital, and timelines depend on your model and are set out in a first consultation, under NDA, not published here.
Other permissions in Hungary
Related reading
- Fund Manager or Investment Firm? Choosing the Right Asset-Management AuthorisationManaging mandates and managing funds are different regulated activities under different regimes. Applying under the wrong one costs a year and a rejection.
- The MiFID Investment Firm Licence: What the Permissions Actually CoverA MiFID licence is not one permission but a set you choose from. The combination you pick sets your capital, your obligations, and your supervisory weight.
- Licensing an Investment-Management Firm: What Changes When You Manage Other People's MoneyRunning an asset or portfolio manager sits under a different permission than broking. Here is what the licence covers and what regulators expect.
- EU Passporting Explained: One Licence, Thirty MarketsA single EU investment-firm licence works across the whole European Economic Area. Here is how passporting works and why it shapes where firms base.
Fund and asset management in other Europe jurisdictions
- United KingdomFCA
- ItalyBanca d'Italia / CONSOB
- GermanyBaFin
- SpainCNMV
- AustriaFMA
- IrelandCentral Bank of Ireland
Discuss your mandate in confidence
Every engagement begins under a mutual NDA. Set out the firm you intend to operate and the timeline you are working to, and you leave the first consultation with a recommended jurisdiction, the route to the licence, and a defined scope of work.
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