On 14 May 2013, the Ukrainian Parliament adopted the law “On Amending Certain Legislative Acts of Ukraine Concerning Realisation of the State Anti-Corruption Policy” (the “Officials Reporting Law”). This legislation introduces a number of important changes into the existing anti-corruption laws of Ukraine.
In particular, the Officials Reporting Law imposes new financial reporting rules for civil servants and their families. These have been dubbed “revolutionary” by the media and are expected to increase the financial transparency of Ukrainian bureaucracy.
For instance, previously the duty to report both income and expenses was limited only to the higher state officials such as the President, ministers, MPs, heads of bodies of local self-government and judges. After the law comes into force, this obligation will apply to absolutely all officials (regardless of their rank and seniority) of state bodies, bodies of local self-government, state courts, police and military. Furthermore, profits and expenditures will have to be declared by officials of state owned companies and enterprises. Declarations are required to be published, for a period of at least one year, on the official websites of the respective state bodies.
The Officials Reporting Law extends the duty to report income and expenses to cover a wider circle of relatives than the current legislation, including great-grandparents, great-grandchildren, fathers-in-law and mothers-in-law.
Moreover, the same financial reporting obligations will be imposed on discharged officials for one year following their dismissal from the civil service.
The Officials Reporting Law reduces the amount of a declarable single purchase by an official from UAH 150,000 to UAH 80,000.
The legislation will come into effect the day after it is officially published but has yet to be signed by the Ukrainian President.
Law: The law of Ukraine “On Amending Certain Legislative Acts of Ukraine Concerning Realisation of the State Anti-Corruption Policy” dated 14 May 2013.