Feedback from the public

Measure

2.4.4.6.18. Developing the draft of the Procedure for holding legal entities liable and the procedure for determining the amount of fines for entering or submitting false information about the ultimate beneficial owner of the legal entity (or the absence thereof), failure to submit or late submission of said information

Measure status:

Implemented

Actual execution date:

30.04.2023

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 - 30.04.2023

Responsible implementors (authorities):

The main implementer: Ministry of Justice 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 Procedure has been developed.

Implementing status

Progress/Result of implementation:

According to the Ministry of Justice of Ukraine, the draft order On Approval of the Procedure for Holding Legal Entities Liable and the Procedure for Determining the Amount of Fines for Violations in the State Registration of Legal Entities Area has been developed.

Monitoring results (quarterly):

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

Key sources of assessment:

1. Ministry of Justice of Ukraine: Draft Order
2. Ministry of Justice of Ukraine: Draft Procedure

Additional sources of information: