Hungarian financial and insurance markets are supervised by one national competent authority. 

Magyar Nemzeti Bank

MNB monitors the activities of financial and capital market institutions, funds, insurance companies and institutions of the financial infrastructure (regulated market, clearing house and central depository), both on-site and off-site, using the tools of prudential supervision (i.e. supervision investigating the business soundness), as well as market surveillance and consumer protection tools, and, if necessary, it takes measures. The purpose of the supervision is to ensure timely recognition and appropriate management of risks in order to avoid that they jeopardize the stability of the system and the confidence of the financial intermediary therein.

For more information: https://www.mnb.hu/en

https://www.mnb.hu/en/supervision/regulation/legislation