Act CLXXV of 2011 on the Freedom of Association, Non-profit Status and the Operation and Support of Civil Organizations (“Civil Act”)

Hungary Upcoming 2011

Hungarian public benefit organizations, NGOs, civil organizations and non-profit organizations are regulated under Act CLXXV (2011) on the Freedom of Association, Non-profit Status and the Operation and Support of Civil Organizations. They among others have to publish an annual public benefit report, including activity and financial report, report on any budgetary support, report on any grants given, value or amount of compensation provided to leading officials, and report on assets management.

Scope

Governance

Industry sectors covered by the instrument

Specific sector/s

Organizations covered by the instrument

Public benefit organizations,
NGOs,
civil organizations,
non-profit organizations

Issuer type

Ministry of National Economy

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners