GVH, MNB & NFH Signed Cooperation Agreement
- 4 Mar 2015 8:00 AM
The Hungarian Competition Authority (GVH), the National Bank of Hungary (MNB) and the National Consumer Protection Authority (NFH) have signed a cooperation agreement for the consistent enforcement of the law (Fttv.) on the prohibition of unfair commercial practices against consumers.
The three authorities has jurisdiction to inspect the commercial practices:
• The GVH proceeds in all matters affecting the merits of the competition, unless the offense is committed in just the label or in the operation and maintenance manuals,
• the MNB deals with matters relating to financial institutions, if they do not affect the substance of the competition,
• the NFH act in non-financial issues not affecting the competition.
Source: trademagazin.hu
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