President Petro
Poroshenko signed Law “On Amendments to Several Laws of Ukraine on Ensuring the
Transparency of Media Ownership and Implementing the Principles of State Policy
in the Sphere of Television and Radio Broadcasting”.
Law №674-VIII adopted
by the Parliament on September 3, 2015, obliges subjects of information
activity (broadcasters and program service providers) to disclose the actual
ownership structure and provide information about the ultimate beneficial owner
(controller) of the company.
Also, the Law prohibits
the establishment and activities of TRC, the participants of which are legal
entities registered in offshore zones stipulated in the list approved by the
Cabinet of Ministers of Ukraine, as well as relevant individual entrepreneurs,
individuals and persons without citizenship.
The National Council of
Ukraine on Television and Radio Broadcasting is obliged to provide a detailed
explanation of all its decisions on the issuance and refusal to issue or
prolong the license. The National Council is also prohibited to introduce any
restrictions regarding the retransmission of programs from the
countries-parties to the European Convention on Transfrontier Television, if
these restrictions are not envisaged by the law of Ukraine.
The adoption of the Law
must facilitate the solution of the issue on transparency of ownership of
broadcasters and program service providers. In addition, more transparent
procedures of the activity of the National Council of Ukraine on Television and
Radio Broadcasting on licensing have been introduced.
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