Paragraph 210 of Act CXX of 2001 on the Capital Market Act (CMA) provides that organisations engaged in a covered line of business are required to join the Investment Protection Fund and may only hold a license for pursuing a covered line of business as a member of the IPF. An organisation that applies to the Hungarian Financial Supervisory Authority (HFSA) for a license to provide covered investment services and supplementary investment services is required to join the IPF.