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Of 45 funds and 26 fund managers reviewed, more than 25% of the funds and nearly 33% of the managers were missing from the database, while nine entries were so inaccurate they could not be located through standard searches.
TI also highlighted serious data‑quality issues. Many filings used outdated legal categories, listed executives instead of actual owners, or even named well‑known business figures with 0% ownership.
The lack of oversight has real consequences; this summer, the MFB excluded Opus Titász from a HUF 65 billion EU tender because a fund holding shares in the company failed to register its ownership by the deadline.
Although new EU rules will require mandatory verification, Hungary has until 2027 to implement them, leaving signi ficant transparency risks around the use of both domestic and EU public funds.
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