Under Directive 2014/95/EU, large companies with more than 500 employees are required to disclose certain non-financial and diversity information in their annual reports. The main objective of the Directive is to boost corporate transparency and performance by increasing trust among stakeholders, investors and consumers. The Directive entered into force on 6 December 2014 and shall be applied as of 2018 with respect to the information relating to the FY 2017.
The EU rules on venture capital and social enterprises have been amended with the aim of boosting investment in start-ups and innovation by a proposed regulation of the Council and the European Parliament.
The European Market Infrastructure Regulation (EMIR) was adopted after the financial crisis in 2012, for the purpose of better managing and controlling the financial risks relating to the over-the-counter (OTC) derivatives markets.
The Market Abuse Directive accepted by the European Parliament in 2014 entered into force on 3 July 2016 in Europe’s markets. Due to the new Directive, stricter rules apply in Hungary to insider dealing and capital investment abuses and the fines to be imposed rise significantly.