Within the framework of the Strategic Agreement between AmCham and the Ministry of Justice, the Ministry asked AmCham to send its feedback on the planned modification of Act CXII of 2011 on Informational Self-Determination and Freedom of Information ("Privacy Act") which will be modified to harmonize Hungarian law with the GDPR of the European Union to be implemented by 25 May, 2018.
The preparation of the AmCham position started early June, with the Regulatory Committee’s decision to launch a Survey among the AmCham membership to explore the current status, position and suggestions of AmCham’s member co mpanies. More than 60 of our members participated in the survey launched at the end of June.
Following the Ministry’s direct request for feedback, several legal experts, consultants and lawyers worked together from the membership to create a joint AmCham position, which has been sent to the Ministry on 8th of September. In its position AmCham advocates for a more structured, transparent legislation to make law-interpretation as clear as possible for economic players, and to ensure a more competitive regulatory environment for businesses in Hungary.
On September 14th, AmCham was invited to participate at an expert-level meeting with representatives of the Ministry of Justice to discuss our recommendations in detail.
AmCham’s Regulatory Committee will continue to closely follow GDPR related legislative issues and will share important update with the membership.