Feedback from the public

ESR

3.3.3.5. Oversight of ARMA’s activities by the Public Council at ARMA has been strengthened, and transparent public accounting of assets under management has been ensured, including the publication of up-to-date information on their condition and characteristics

Problem solving:

3.3.3. The legislation governing the activity of the ARMA contains numerous gaps and corruption risks. Low effectiveness of the processes of transferring assets to ARMA for management to preserve their economic value, as well as the processes of combating and preventing money laundering

Deadlines for all measures within ESR

01.03.2023 - 31.05.2024

Implementation of SACP measures within ESR

Total number of measures – 2

1 1

Implemented In progress

Implementation of SACP measures within the scope of the Problem by main main performers

Asset Recovery and Management Agency

50%

Summarized general information on Measures

№	Name of the measure	The main implementer	Co-implementors	Performance indicator	Monitoring results (latest)	Статус
1	3.3.3.5.1 Drafting and submitting to the Cabinet of Ministers of Ukraine a draft law that: 1) stipulates that the Public Council at ARMA shall appoint at least 40 percent of the members of the ARMA disciplinary committee from among the members of the Public Council; 2) stipulates that the Public Council at ARMA shall appoint at least 40 percent of the members of competitive committee (tasked with selecting candidates for vacant positions with ARMA) from among the members of the Public Council; 3) provides for the powers of the Public Council at ARMA to conduct public control over the legitimacy and transparency of appointment of asset managers, specifically by designating the members of the Public Council at ARMA to participate in the process of designating the asset managers; 4) provides for the powers of the Public Council at ARMA to conduct public control over the legitimacy and transparency of decisions on the sale of assets; 5) provides for the powers of the Public Council at ARMA to conduct public control over the effectiveness of management of assets handed over to ARMA; 6) provides for the powers of the Public Council at ARMA to issue opinions on the annual performance report of ARMA; 7) provides for the possibility of participation of individuals designated by the Public Council at ARMA (from among the Council members) in audits of the effectiveness of management of seized assets handed over to ARMA for management; 8) stipulates that ARMA shall publicize the findings of audits of the effectiveness of management of seized assets handed over to ARMA for management.	Asset Recovery and Management Agency		The draft law has been submitted to the Parliament of Ukraine.	Implementation of the measure has started on time	In progress
2	3.3.3.5.2 Putting the Unified State Register of Assets Seized in Criminal Proceedings into permanent (commercial) operation	Asset Recovery and Management Agency		The Unified State Register of Assets Seized in Criminal Proceedings has been put into commercial operation.	The measure was not implemented on time and in full	Implemented

Indicators of achievement of ESR

Total number of indicators – 3

Indicators fully achieved – 0

Partially achieved indicators – 0

Indicators with a score of 0% – 3

Summarized general information about Achievement Indicators

№	Indicators	Weight (%)
№	Indicators	Weight (%)	1	A law has taken effect, which provides for: a) that the Public Council at ARMA shall appoint at least 40 percent of the members of the ARMA disciplinary committee from among the members of the Public Council (5 percent); b) that the Public Council at ARMA shall appoint at least 40 percent of the members of competitive committee (tasked with selecting candidates for vacant positions with ARMA) from among the members of the Public Council (5 percent); c) the powers of the Public Council at ARMA to conduct public control over the legitimacy and transparency of appointment of asset managers, specifically by designating the members of the Public Council at ARMA to participate in the process of designating the asset managers (5 percent); d) the powers of the Public Council at ARMA to conduct public control over the legitimacy and transparency of decisions on the sale of assets (5 percent); e) the powers of the Public Council at ARMA to conduct public control over the effectiveness of management of assets handed over to ARMA (5 percent); f) the powers of the Public Council at ARMA to issue opinions on the annual performance report of ARMA (5 percent); g) the possibility of participation of individuals designated by the Public Council at ARMA (from among the Council members) in audits of the effectiveness of management of seized assets handed over to ARMA for management (5 percent); h) that ARMA shall publicize the findings of audits of the effectiveness of management of seized assets handed over to ARMA for management (5 percent).	40%
2	The Unified State Register of Assets Seized in Criminal Proceedings has been put into permanent (commercial) operation.	30%
3	at least 80 percent of experts on the formulation and implementation of the anticorruption policy estimate that: a) the powers of the Public Council at ARMA to conduct public control over the exercise of ARMA powers are completely or for the most part sufficient (7.5. percent); b) the Public Council at ARMA is conducting public control over the exercise of ARMA powers with complete effectiveness or for the most part effectively (7.5 percent); c) the Unified State Register of Assets Seized in Criminal Proceedings contains the full scope of the legislatively prescribed information (7.5 percent); d) ARMA is systematically publishing announcements about competitive selection of asset managers, the results of competitive selection of asset managers, the results of audits of the effectiveness of management of assets transferred to ARMA for management (7.5 percent).	30%

ESR