By its Resolutions Nos. 328 ("Resolution No. 328") and
332 ("Resolution No. 332"), both dated 21 May 2015,
effective as of 23 May 2015, the National Bank of Ukraine (the
"NBU") introduced the criteria of transparency of bank
ownership structure, the obligations of the bank and its
shareholders to disclose the relevant details and sanctions to be
imposed on the bank for the failure to comply with the
aforementioned requirements of the NBU.
According to Resolution No. 328, bank ownership structure shall
be deemed transparent if all the following criteria are met:
- Information on bank ownership structure allows to identify: all
persons having direct or indirect substantial interest (as defined
in the Law of Ukraine "On banks and banking activity") in
the bank or capable of exercising substantial or decisive influence
on bank management or operation; all the key participants (ibid.)
in the bank and all the key participants in the legal entities
comprising bank's
