On 2 December 2021, the Governmental Decree 648/2021 entered into force. The Governmental Decree amended Government Decree 246/2018 on the implementation of Act LVII of 2018 on the Control of Foreign Investments Affecting Hungary's Security Interests by adding insurance activities and reinsurance activities to the scope of the screening mechanism.
"2. Notification obligation of the foreign investor
Section 2 [...]
(1) A foreign investorin a Hungarian-based business company carrying out the activities defined in paragraph (4) - by establishing a business company or by acquiring a stake -
a) directly or indirectly, an ownership share exceeding 25% - 10% in the case of a publicly-operated joint-stock company, or
b) the Civil Code determining influence according to can be obtained after reporting to the minister designated in the Government Decree (hereinafter: minister) and confirming receipt of the report.
(2) The notification obligation according to paragraph (1) also exists if the foreign investor's acquisition of less than 25% of ownership would result in the Hungarian-based economic company engaged in the activities specified in paragraph (4) - with the exception of publicly-operated joint-stock companies - the combined ownership share of foreign investors would exceed 25% as a whole.
[...]
(4) The activities subject to notification according to paragraphs (1)–(3) are the following: [...]
j) LXXXVIII of 2014 on insurance activities, insurance and reinsurance activities in accordance with the law , as well as activities subject to reporting obligations among activities directly related to insurance activities certain activities defined in the Government's decree within the scope of activities.[...]" (Act on Controlling Foreign Investments Violating Hungary's Security Interests (LVII of 2018), last amended 1 December 2021, Section 2 [google translation])
Government Decree 648/2021, Government of Hungary, 1 December 2021
Act on Controlling Foreign Investments Violating Hungary's Security Interests (LVII of 2018), last amended 1 December 2021, Section 2

[<a href="https://njt.hu/jogszabaly/2021-648-20-22">Decree</a>],[<a href="https://njt.hu/jogszabaly/2018-246-20-22">Decree</a>],[<a href="https://njt.hu/jogszabaly/2018-57-00-00">Act</a>]