Feedback from the public

Measure

2.4.4.6.1. Developing the draft Regulation on the Form and Substance of the Structure of Ownership of a Legal Entity

Measure status:

Implemented

Actual execution date:

01.07.2023

The measure is aimed at achieving ESR:

2.4.4.6. Effective mechanisms for verification of information on the ultimate beneficial owners of legal entities under private law in the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations have been introduced

Problem solving:

2.4.4. A high level of tolerance of corruption in the private sector of the economy

Deadlines:

01.03.2023 - 31.05.2023

Responsible implementors (authorities):

The main implementer: Ministry of Finance of Ukraine

Sources of funding:

state budget

Volumes of financing (thousand UAH):

within the established budget allocations for the relevant year

Performance indicator:

The draft Regulation has been developed.

Implementing status

Progress/Result of implementation:

According to the information of the Ministry of Finance of Ukraine: "the draft order On Amendments to the Order of the Ministry of Finance of Ukraine dated March 19, 2021 No. 163 (hereinafter - the draft order) has been developed. The provisions of the draft order establish the form, substance of the structure of ownership of legal entities and requirements for its completion. The form of the structure of ownership proposed by the draft order will enable legal entities to submit it to the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations (hereinafter - USR) in electronic form. It will also enable the Ministry of Justice of Ukraine to perform an automated check of the structure of ownership and information about the ultimate beneficial owners using the USR software."

Monitoring results (quarterly):

15.11.2023:
The measure was not implemented on time and in full
16.08.2023:
The measure has not been implemented

Key sources of assessment:

1. Ministry of Finance of Ukraine: Draft Order
2. Ministry of Finance of Ukraine: Explanatory note
3. Ministry of Finance of Ukraine: Appendix 1
4. Ministry of Finance of Ukraine: Appendix 2
5. Ministry of Finance of Ukraine: Appendix 3
6. Ministry of Finance of Ukraine: Appendix_amendments

Additional sources of information: