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PSZAF signs cooperation agreements with professional associations

Hungarian financial market regulator PSZAF on Monday said it signed cooperation agreements with seven professional associations with the aim of improving the quality and implementation of decrees it makes.

Under the agreements, PSZAF will take into consideration the opinions of its partners when it makes decrees.

Hungary's new government recently gave PSZAF the power to issue decrees.

PSZAF signed the agreements with the Hungarian Banking Association, the National Association of Savings Cooperatives, the Hungarian Insurers Association, the Hungarian Leasing Association, the Association of Investment Service Providers, the Association of Hungarian Investment Fund and Asset Management Companies and the Stabilitas Pension and Health Fund Association.