It approved new requirements to disclosing the
bank ownership structure which provide for the disclosure of information in
respect of virtually every individual. So, the bank ownership structure will be
deemed transparent, if it is possible to identify:
all owners of qualifying holding in the
bank;
all key shareholders of the bank and all
key shareholders of all legal entities in the chain of ownership of the bank’s
equity rights;
and the nature of relationships between
such entities.
Trust relationships arising from ownership of
the bank’s shares are additionally regulated. The National Bank will recognize
the bank ownership structure as non-transparent, if shares of the bank either
directly or indirectly held by a so called "discretionary trust".
The National Bank also settled the situation
concerning dissipation of the property at the bank between different
individuals, if neither is the owner of qualifying holding.
Banks are given two weeks to submit their
updated ownership structures to the National Bank.
From now on a bank with a non-transparent
ownership structure will not be able to get a general license for foreign
exchange operations, refinancing loan; participate in a liquidity-providing
tender and will even be deemed a problem bank. Relevant amendments to the
regulations of the National Bank of Ukraine are approved by NBU Board
Resolution No. 332 On Amendments to Some Regulations of the National
Bank of Ukraine dated 21 May 2015.
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