Implementing beneficial ownership transparency in the Kyrgyz Republic extractives sector — findings and recommendations
Next Steps and Timeline
Based on our findings and recommendations, OpenOwnership will work with SCIESU as follows:
| Action | Indicative timeline |
|---|---|
| Technical specification drafted for creating software system that is compliant with Beneficial Ownership Data Standard | March 2019 |
| Regulations governing beneficial ownership disclosure approved by Government of Kyrgyz Republic | Target: April 2019 |
| Submission form and process finalized and agreed with companies | May 2019 |
| Specification for database and online portal developed and commissioning process begun | May 2019 |
| Software development of database and online tools is commissioned | June 2019 |
| SCIESU conducts awareness raising with companies | July - August 2019 |
| Software to enable collection and publication of information is completed | September 2019 |
| Collection and processing of beneficial ownership information by SCIESU is tested with Open Ownership support | September 2019 |
| Publication of beneficial ownership information is made public | November 2019 |
| Exports of data in BODS format to Open Ownership Register commence | November 2019 |
| Feedback and iteration on BODS format export | November 2019 onwards |
| Review and commence monitoring of impact | January 2020 |