Act CLVI Public benefit report

The act aims to preserve, increase, make operations and management more transparent, and promote Public Benefit Organization activities.

Issuer name

Ministry of National Economy

Government ministry

Finance/Treasury

More information

Hungarian PBOs are regulated under Act CLVI of 1997 on Public Benefit Organizations. Among other criteria they have to prepare 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.

Organizations covered by the instrument

Public organizations / agencies

Industry scope

All/none specified

Disclosure venue

Local / National Press

ESG coverage- S (Social)

Social Impacts & Value Creation

ESG coverage- G (Governance)

Structure & Leadership

Status

Current

Country

Hungary

Region

Europe

Date of publication

1997

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Go to the instrument