On May 21, 2015, the Management Board of the National Bank of Ukraine adopted resolution №328 On Approval of the Provision on Revealing the Information on the Bank’s Ownership Structure, having introduced new disclosure requirements for the ownership structure of banks actually necessitating the data disclosure by each individual. Thus, the ownership structure of banks is regarded to be transparent if it allows determining:

all substantial owners of the bank;

all key stakeholders of the bank and legal entities as regards the owners in the chain of corporate rights;

as well as the nature of their relationships.

An issue of legal ownership of bank’s trust assets has been also raised. The National Bank will deem the bank’s ownership structure to be non-transparent if the bank's shares directly or indirectly are possessed by the so-called discretionary trust.

The National Bank has also tackled an issue of dispersed ownership, when none of the individuals is the owner of substantial rights.

Banks have been given two weeks for submission updated data on their ownership structures to the National Bank.

A bank with an opaque ownership structure is no longer able to obtain a general license to conduct foreign exchange operations, make mortgage refinancing; is suspended from bidding in liquidity tenders, and may be even considered to be problematic. The corresponding changes in the NBU’s legal acts were brought into force on 05.21.2015, by the resolution by the National Bank’s Board №332 on amendments to some regulations of the National Bank of Ukraine.