Several events and legislative acts have affected compliance trends lately, including the publication of guidelines and legislation on general and specific compliance activities. According to Government Decree No. 339/2019 (XII.23.) on the Internal Controls of Publicly-owned Enterprises, certain publicly-owned enterprises, as specified in relevant legislation (including the above Government Decree and Act CXXII of 2019 on the More Economical Operation of Publicly-owned Enterprises), are now required to set up and operate a compliance function. In addition, under the EU’s ‘Whistleblowing Directive’, private businesses with 50 or more employees, as well as all legal entities in the public sector must establish internal channels, including ‘ethics hotlines’ for reporting breaches of EU law.
The publication of the Hungarian version of ISO 37001, which contains international standards on Anti-bribery management systems, allows companies to certify their anti-corruption program against a set of universally recognised benchmarks. The COVID-19 pandemic has also alerted companies to the need to prepare for similar crises, and this recognition reinforces the role of crisis management in organisations where this has not been at the forefront so far.
How PwC can help
- Developing and implementing a compliance management system for your organisation, or reviewing your existing system
- Performing outsourced compliance activities – including operation of your entire compliance function
- Operating your ethics hotline
- Preparing your organisation for ISO 37001 certification
- Providing compliance services in the financial sector
Kapcsolat
