HUNGARY CONTENTS
6.7 Rules of Payment for Order Flow p.347 6.8 Market Integrity Principles p.347 7. High-Frequency and Algorithmic Trading p.347 7.1 Creation and Usage Regulations p.347 7.2 Requirement To Be Licensed or Registered as a Market Maker When Functioning in a Principal Capacity p.348
7.3 Regulatory Distinction Between Funds and Dealers p.348 7.4 Regulation of Programmers and Programming p.348 8. Insurtech p.349 8.1 Underwriting Processes p.349 8.2 Treatment of Different Types of Insurance p.349 9. Regtech p.349 9.1 Regulation of Regtech Providers p.349 9.2 Contractual Terms to Ensure Performance and Accuracy p.349 10. Blockchain p.350 10.1 Use of Blockchain in the Financial Services Industry p.350 10.2 Local Regulators’ Approach to Blockchain p.350 10.3 Classification of Blockchain Assets p.350 10.4 Regulation of “Issuers” of Blockchain Assets p.350 10.5 Regulation of Blockchain Asset Trading Platforms p.350 10.6 Staking p.351
10.7 Crypto-Related Lending p.351 10.8 Cryptocurrency Derivatives p.351 10.9 Decentralised Finance (DeFi) p.351 10.10 Regulation of Funds p.351 10.11 Virtual Currencies p.351 10.12 NFTs p.351 10.13 Stablecoins p.351 11. Open Banking p.352 11.1 Regulation of Open Banking p.352 11.2 Concerns Raised by Open Banking p.352 12. Fraud p.352 12.1 Elements of Fraud p.352
12.2 Areas of Regulatory Focus p.352 12.3 Responsibility for Losses p.352
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