This is stipulated by the order of the Ministry of Justice № 1626/5 of 12.05.2020, which enters into force 5 days after its publication. Exceptions are certain provisions included in the Procedure for providing information from the Unified State Register of Legal Entities, Individual Enterpreuners and Public Associations, which will come into force on July 15, 2020.

First of all, the Procedure for state registration of legal entities, individual enterpreuners and public associations that do not have the status of a legal entity has been supplemented by paragraph 19.

It stipulates that if the state registrar discovers the facts of non-submission (late submission) by a legal entity of information about the ultimate beneficial owner of the legal entity or its absence, or documents to confirm such information, such registrar must notify the relevant facts no later than the next working day. territorial body of the Ministry of Justice at the location of the relevant legal entity by sending a letter.

In addition, the Ministry of Justice amended the Instruction on Registration of Materials on Administrative Offenses.

It is stipulated that in case of detection of relevant violations regarding non-submission (late submission) of the provided information on the ultimate beneficial owner of the legal entity or documents confirming the relevant information, as well as in case of receipt of such notification by the State Registrar, the Ministry of Justice or its territorial body the relevant legal entity or a person authorized to act on behalf of such legal entity (executive body), with a requirement to apply within 1 month the Ministry of Justice or the relevant regional body for the protocol on administrative offense, liability for which is provided ch. 6. 166-11 Code of administrative offences.

In case of violation of this deadline for application, the relevant information will be transmitted to the State Financial Monitoring Service.