Originally called the Model 48, FEG designed this handgun, based on the German Walther PP/PPK pistol series, just like many of the other post-World War II Hungarian pistols.
The Model 48 was initially called by FEG, and it was designed by them as a handgun, drawing inspiration from the German Walther PP/PPK pistol line, much like several other Hungarian pistols that followed World War II.