Week of
Nigeria and Hungary each issued a circular this week, one on capital market operator registration and one on consumer information for state-subsidized mortgage loans. Nigeria's Securities and Exchange Commission set out the timetable for its Q2 2026 pre-registration training and examination, opening the cycle on Monday, June 8, 2026, for applicants who were invited but did not attend the March 2026 training, who attended but did not pass the examination, and others who have met the participation requirements, with portal registration due by Friday, June 5, 2026, and a reminder that applications expire after twelve months if registration requirements are not met. Hungary's MNB addressed credit institutions providing state interest-subsidized mortgage loans for home creation, expecting them to draw consumers' attention before the loan agreement is concluded to the consequences if verification of construction work within the deadline fails: the interest subsidy ceases, the installment amount may increase, and support already received must be repaid with interest. The MNB describes the circular as not legally binding but expects prompt fulfillment of its expectations. Both records are circulars published on the same day, but they differ in audience and force, one aimed at prospective market operators under a fixed schedule and the other at lenders under non-binding supervisory expectations.
Hungary
Principal circular on information expectations related to state-subsidized loans secured by condominium construction rights
The MNB principal circular expects credit institutions providing state interest-subsidized mortgage loans for home creation purposes to draw the consumer's attention, in a verifiable and easily understandable manner prior to concluding the loan agreement, to the fact that if the verification of construction work within the deadline fails—even through no fault of the consumer—the interest subsidy will cease, the installment amount may increase, and the support already received must be repaid increased by interest. The circular is not legally binding, but the MNB expects prompt fulfillment of the expectations contained therein.
CircularTranslated to EnglishHungarianConsumer protection
Nigeria
Circular To All Prospective Capital Market Operators On Q2 2026 Pre-Registration Training And Examination
The Securities and Exchange Commission (SEC) Nigeria notifies applicants for registration as Capital Market Operators that the next pre-registration training and examination cycle will commence on Monday, June 8, 2026. Eligible applicants include those who were invited but did not attend the March 2026 training, those who attended but did not pass the examination, and other applicants who have satisfied the participation requirements. Applicants must complete registration on the designated portal by Friday, June 5, 2026, and are reminded that applications expire after twelve months if registration requirements are not met.
CircularPublished in EnglishEnglishLicensing
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