On Tuesday (November 8) Hungary's Parliament approved changes which will see the MOB lose many of its powers, which will instead become the responsibility of Government.

It means that all "non-Olympic" areas of responsibility will transfer from the MOB and other sporting bodies to the country's Sports Ministry.

The new changes, approved by a large majority of legislators, are due to come into force on January 1, 2017. 

The shift will see the MOB focus back on "classic" NOC responsibilities, relating more specifically to Olympic preparations and related commercial and marketing ventures.

They will no longer take sole control of budget planning or allocation for all aspects of sporting apparatus.

It comes as capital city Budapest bids for the 2024 Summer Olympics and Paralympics, with the International Olympic Committee (IOC) having strict rules which guard against any type of Government interference.

A statement from the MOB today, however, claimed that the law changes would not impact its autonomy.

"The amendment of the Act of Sport of Hungary passed by the Parliament of Hungary on November 8, 2016 does not in any way affect the legal status, independence or autonomy of the Hungarian Olympic Committee, nor does it affect that of the National Sport Federations," the statement said.

"The amendment was initiated in order to optimise sports administration and allocation of state funding for sport in Hungary.

"As always, the Hungarian Olympic Committee will continue to adhere to its fundamental principles of good governance, preserving its independence and maintaining its autonomy."

The MOB added that the purpose of the reforms was twofold - to "strengthen further the support for elite sport in Hungary" and "to optimise the allocation and administrative management of Government funding to ensure the most efficient and effective spend in support of grassroots and elite sport". 

Funding for sport will now be distributed by a combination of independent non-Governmental sports institutions and the Ministry for Sport, with the MOB able to focus on its "core mission" of promoting Olympic sports in the country.

"The reforms were inspired by the shared aspiration on the part of Government, HOC and non-governmental sports bodies to further strengthen and improve the allocation of funding in support of elite and grass roots sport in Hungary," the statement continued.

"The reforms were undertaken jointly between the Government and the Hungarian Olympic Committee.

"The HOC will continue to support, oversee and represent the growth of the Hungarian Olympic Movement and Olympic sports in Hungary and to promote the country's development as a sporting nation.  

"The HOC will support the establishment of successful teams and make the necessary expertise, experience and human resources available in service of the common good in harmony with the fundamental values, regulations, tasks and goals defined by the International Olympic Committee.

"In line with the guidance of the International Olympic Committee the HOC will continue to develop, promote and protect the Olympic Movement in Hungary and internationally.  

"The HOC will serve the community, represent the Olympic Movement and focus on the health, competitiveness and success of current and future generations of athletes.  

"It will continue to nurture the Olympic ideal in Hungary and abroad, work for an Olympic Games in Hungary and promote sporting heroes as role models to inspire the younger generation." 

The IOC has previously sanctioned countries which breach its interference rules, most notably Kuwait.

The Gulf country was banned from August's Rio 2016 Olympics after new laws threatened the autonomy of sporting bodies. 

Budapest 2024 leaders claimed to support the changes in Hungary.

"The Budapest bid looks forward to continuing good relationships with our friends at the MOB, the Government and the City of Budapest," said bid leader Balázs Fürjes.

Hungary finished 12th on the medals table at Rio 2016 with eight gold, three silver and four bronze medals.

insidethegames has contacted the IOC for a reaction.