According to a member of parliament with knowledge of the ongoing negotiations between Ukraine, the European Commission, and the World Bank, Indicator 4.9 will be broadened. Previously covering only the establishment of a register of bank accounts, it now also includes the requirement for a register of beneficial owners of trusts, along with an expanded list of EU anti-money laundering directives.
Additionally, Indicator 4.10 stipulates enhanced requirements: rather than merely creating registers, it is necessary to provide access to them for financial oversight authorities.
As parliamentarian Vasylevska-Smahliuk remarks, “Failing to seize the current window of opportunity may result in additional requirements arising in the future, further complicating the conditions for accession.”
It is also important to note the financial risk: the implementation of legislative changes required for SEPA integration is tied to EU funding tranches. Delays in reforms could result in postponements of subsequent payments.
Furthermore, we recommend reviewing updates on Ukraine’s financial support: the EU Council has approved the disbursement of €2.8 billion within the Ukraine Facility program.
