MNB Technical Cooperation Programme - Innovation and Cash – How is it possible? Cash management practices
The Magyar Nemzeti Bank (hereinafter: MNB) manages personal data collected or recorded during its Technical cooperation activities based on the Regulation (EU) 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC and on Act CXII of 2011 on information self-determination and freedom of information, as follows.
Data controller:
Magyar Nemzeti Bank
Registered office: 1014 Budapest, Krisztina körút 55..
Data Protection Officer of the MNB: Dr. Tivadar János Marton (e-mail: martont@mnb.hu)
Scope of managed data:
Name and contact data provided by the applicant during the registration process, name of the institution associated with the applicant.
Legal basis for data management:
The consent of the applicant in the light of this information.
Purpose and time of data management:
The MNB manages data for registration purposes. During the process of data management, the MNB does not use data processor, only the MNB staff involved in the organisation of TA events have access to the data. Data is managed by the Data controller until the termination of the event. Applicants willing to participate in the Alumni activities agree that their data is managed for one year.
Data security measures:
Personal data maintained in an electronic format are stored on the servers of the MNB, external data processors are used on an ad hoc basis. In all data management outsourcing cases the MNB ensures that the contracted service provider meets the requirements for data management. The MNB takes appropriate measures to protect personal data (among others) from unauthorized access and modification.
Rights related to data processing:
Right of information and right to access:
You may request written information from the MNB about the following, using the contact point listed as „Data Controller”:
- what personal data of yours the MNB manages,
- on what legal basis does the MNB manage your personal data,
- for what reason does the MNB manage your personal data,
- from which source the MNB acquired your personal data
- for what period does the MNB manage your personal data,
- if the MNB still manages your personal data,
- to whom, when, for what reason and to which personal data did the MNB grant access to or whom did the MNB transfer your personal data.
Furthermore, you are entitled to a copy of your personal data stored at the MNB.
The MNB will fulfil your request in a maximum of 30 days in a reply letter sent to the contact details provided in your request. If you send your request to the MNB through an electronic channel, the MNB will also reply using electronic means if possible. Please indicate if you would like to receive the reply through a different channel.
Right to rectification
You may request the MNB in writing using the contact point listed as “Data Controller” to modify or rectify your personal data (for example your name, email address if it changed). If you send your request to the MNB through an electronic channel the MNB will also reply using electronic means if possible. Please indicate if you would like to receive the reply through a different channel.
The MNB will fulfil the request in a maximum of 30 days without undue delay and send a notification in a reply letter sent to the contact details provided in the request.
Right to erasure („right to be forgotten”):
You may request the MNB in writing to delete your personal data, using the contact point listed as “Data Controller”.
The MNB will reject the request for erasure if it is required by legislation to store your personal data. If such requirements are not valid for your personal data, the MNB will fulfil the request in a maximum of 30 days without undue delay and send a notification in a reply letter sent to the contact details provided in the request. If you send your request to the MNB through an electronic channel the MNB will also reply using electronic means if possible. Please indicate if you would like to receive the reply through a different channel.
Right to restrict the processing of personal data:
You may request the MNB in writing to restrict the processing of your personal data, using the contact point listed as “Data Controller”. If the processing of personal data is restricted, such personal data shall, with the exception of storage, only be processed by the MNB with the data subject's consent or for the establishment of legal claims or for reasons of important public interest.
A request to restrict the processing of data may be submitted if:
- you think that your data are not correct or
- you think that the MNB’s processing of your data was not legal, but you do not wish to have your data erased or
- you request the processing to establish or defend legal claims but the MNB does not need these data any more.
The MNB will fulfil the request in a maximum of 30 days without undue delay and send a notification in a reply letter sent to the contact details provided in the request. If you send your request to MNB through an electronic channel the MNB will also reply using electronic means if possible. Please indicate if you would like to receive the reply through a different channel.
Right to withdraw consent:
You may notify the MNB in writing, during the period of processing, that you wish to withdraw your consent to the processing of your personal data, using the contact point listed as “Data Controller”. If consent is withdrawn the MNB’s processing of your personal data prior to withdrawal is deemed to be legal.
The MNB will delete the personal data upon receiving the withdrawal without undue delay and send a notification in a reply letter sent to the contact details provided in the notification. If you send your request to the MNB through an electronic channel the MNB will also reply using electronic means if possible. Please indicate in your notification if you would like to receive the reply through a different channel.
Legal remedy:
If, in the affected person’s judgement, data management does not comply with the legal requirements, they have the option to initiate the proceedings of the MNB’s data protection officer, or they can bring the matter before court.
In addition, an investigation may be initiated by filing a report to the National Authority for Data Protection and Freedom of Information on the grounds that there was an infringement in practising the rights related to personal data management or there is imminent danger thereof.
Contact information to National Authority for Data Protection and Freedom of Information:
National Authority for Data Protection and Freedom of Information
Seat: 1055 Budapest, Falk Miksa utca 9-11.
Postal address: 1363 Budapest, Pf.: 9.
Telephone: 06-1-391-1400
Telefax: 06-1-391-1410
E-mail: ugyfelszolgalat@naih.hu
Right to amend the Data management notice
The Data Controller reserves the right to unilaterally amend this document without prior notice. The Data controller sends the up-to-date version of this document by email upon the request of the concerned party.
![]()
* An answer is required. Please select an option.