MNB to merge with PSzÁF in October

Deals

The National Bank of Hungary will take over all activities of financial market regulator PSzÁF from October 1, 2013, business daily Napi Gazdaság said on Thursday, citing several unnamed sources. The MNB proposed a merger with PSzÁF in May, but a position paper on the matter suggested it would take place early in 2014. PSzÁF will be wound up without a legal successor, the paper said.

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