Measure
2.4.4.6.9. Developing the draft of the Procedure by which a legal entity must submit explanations and documents to prove information about ultimate beneficial owners and the structure of ownership, as well as the procedure for reviewing them
Measure status:
Actual execution date:
30.06.2024
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:
Responsible implementors (authorities):
Sources of funding:
state budget
Volumes of financing (thousand UAH):
within the established budget allocations for the relevant year
Performance indicator:
The draft Procedure has been developed and publicized for a public discussion.
Implementing status
Progress/Result of implementation:
The Ministry of Justice of Ukraine developed a draft order titled “On Approval of the Procedure for Legal Entities to Provide Explanations and/or Documents to Confirm Information about the Ultimate Beneficial Owner and/or Ownership Structure of a Legal Entity, as well as the Procedure for Their Review.”
However, the performance indicator (criterion) for fulfilling this measure stipulates that the draft Procedure be published for public discussion. Nevertheless, the Ministry of Justice of Ukraine did not provide information regarding the publication of the draft Procedure.