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PSZAF recalls commissioner from Dimenzio Health Fund

Hungarian financial market regulator PSZAF on Wednesday said it recalled a commissioner from Dimenzio Health Fund after the fund's owners appointed new management.

PSZAF ordered the fund's shareholders to relieve all board members and the managing director of their duties after uncovering serious breaches of regulations last autumn. In May, it dispatched a commissioner to the fund to ensure its legal operation and see that new management was appointed.