Feedback from the public

Measure

2.4.4.6.21. Providing the technical capability to make a notation in the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations about a potentially misleading nature of the information about the ultimate beneficial owner or the structure of ownership of the legal entity and about the National Bank having found the structure of ownership of the legal entity to be nontransparent (transparent)

Measure status:

Implemented

Actual execution date:

16.06.2023

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:

01.04.2023 - 30.06.2023

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 technical capability to make a notation in the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations about a potentially misleading nature of the information about the ultimate beneficial owner or the structure of ownership of the legal entity and about the National Bank having found the structure of ownership of the legal entity to be nontransparent (transparent) has been ensured.

Implementing status

Progress/Result of implementation:

On June 16, 2023, the State Enterprise "National Information Systems" updated the software of the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations, namely:

- the new registration action "State Registration of Confirmation of the Authenticity of Information on the Ultimate Beneficial Owner and/or Structure of Ownership" was implemented (the purpose of this registration action is to make a note about the possible inauthenticity of the structure of ownership, that the structure of ownership is recognized by the National Bank of Ukraine as opaque, as well as a note about the possible inauthenticity of information on the ultimate beneficial owner);

- a separate block of information on the structure of ownership was created;

- the single versatile form for entering information about the ultimate beneficial owner with the possibility of entering several citizenships was created;

- updated information is displayed in the forms for providing information from the Unified State Register.

Monitoring results (quarterly):

16.08.2023:
The measure was implemented on time and in full

Key sources of assessment:

1. Ministry of Justice of Ukraine: Screenshot
2. Ministry of Justice of Ukraine: Screenshot

Additional sources of information:

1. State Enterprise "National Information Systems": Updating the software of the Unified State Register