Top Court To Rule On CBank Amendment By Apr 8

  • 16 Mar 2016 8:00 AM
Top Court To Rule On CBank Amendment By Apr 8
The Constitutional Court is expected to rule by the April 8 deadline on a request for a review of two law amendments by President János Áder, the top court’s general secretary said. Áder asked for a review of the amended central bank act, because the amendments were not in line with constitutional norms on the management of public funds and on handling data of public interest, Botond Bitskey told MTI.

Áder also found fault with the retroactive effect of the law, which was the same concern he raised about another amended law, the one on postal services. The amended central bank act aims to put a 10-year ban on public access to data on foundations and businesses owned by the central bank.

The proponents of the amendment argued that assets held with the foundations and businesses are separate from public funds, but critics say this data should also be open to the public.

Parliamentary Speaker László Kövér and head of the national data protection authority Attila Péterfalvi were among those who criticised the proposed limitation on data access. Similarly, the amended law on postal services would also limit access to data on market-oriented finances at the Hungarian Postal Service.

Source www.hungarymatters.hu - Visit Hungary Matters to sign-up for MTI’s twice-daily newsletter.

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