Good business reputation should be proven by the Applicant.
The method of providing evidence can be selected by the Applicant but the submission
of further, accurately defined documents (deeds) may be required by the Supervisory
Authority. During the licensing procedures, a questionnaire (see the following pages) whose completion and signing are minimum conditions of certifying good business
reputation has been introduced and from now onwards will be regularly used by
the Supervisory Authority. Besides the questionnaire, the Supervisory Authority may also require the submission
of further documents or deeds, and during the assessment of the business reputation,
all information that it has officially become aware of will also be taken into
account by the Supervisory Authority.
Provided that proving good business reputation is considered unsuccessful by
the Supervisory Authority, such decision will be established in a resolution.
The Supervisory Authority decides that an Applicant’s business reputation cannot
be considered as “good” if, on the basis of the available information it concludes
that the Applicant has not managed to prove the existence of those conditions
which would make him suitable for governing a financial or payment institution.
28 January 2010
Hungarian Financial Supervisory Authority
