The Competition Act empowers the President of the Hungarian Competition Authority (Gazdasági Versenyhivatal – ‘GVH’), together with the Chair of the Competition Council to issue notices, which describe the basic principles of the law enforcement practice of the GVH. These notices have no binding force; their sole function is to provide substance to the provisions of the law that are applied by the GVH, whilst also providing summaries of the well-established past practice and outlining the practice that is to be followed when applying legal provisions in the future. The Notices draw on the experience gained from past decisions; however, when departing from concrete cases they also reflect the understanding of the GVH and, as guidelines, they can anticipate decisions in future cases.

(Consolidated version including the modifications of Notice No 5/2014 and Notice 3/2015)