Česky

Anticorruption barometer


Update history

Transparent and effective public investment — #117 Declaration of ownership structures

Company receiving public funds should provide the state with a declaration on its ownership structure in which it demonstrates in a clear graphical way its ownership structure up to the ultimate beneficial owner(s).

Justification and sources

Selected update

Updated: 04/2016 Parameter update history

Effectiveness:
50%
Progression:
80%
The law is adopted but not yet in force

The Act on public procurement, which was approved, foresees an identification of ultimate beneficial owners of the selected contractor which is a legal person. Nevertheless, it does not prescribe the way in which the indirect interests in the company, i.e. the corporate ownership structure, linking those beneficial owners to the contracting legal person, should be disclosed. This issue is neither resolved in the section on the register of beneficial owners contained in the amendment of the Act on anti-money laundering, or respectively, which is in the Lower Chamber of the Parliament.

Compared to current state

Updated: 10/2016 Parameter update history

Effectiveness:
50%
Progression:
90%
The law is in force

The Act on public procurement, which entered into force, foresees an identification of ultimate beneficial owners of the selected contractor which is a legal person. Nevertheless, it does not prescribe the way in which the indirect interests in the company, i.e. the corporate ownership structure, linking those beneficial owners to the contracting legal person, should be disclosed. This issue is neither resolved in the section on the register of beneficial owners contained in the amendment of the Act on anti-money laundering, or respectively, which is in the Lower Chamber of the Parliament.