1. Beneficial Ownership Roadmap, Naypidaw, Myanmar March 2017
DRAFTING OF BENEFICIAL OWNERSHIP ROADMAP : EXAMPLES AND REVIEW OF MEITI’S DRAFT ROADMAP
Beneficial Ownership Roadmap, Naypidaw, Myanmar March 2017

2. Developing a roadmap: Issues to consider
Links between BO and national reform priorities
The institutional framework for BO disclosure
Beneficial ownership definition
Reporting obligations for Politically Exposed Persons
Level of detail to be disclosed
Data collection
Assuring the accuracy of the data
Data timeliness
Data accessibility
Capacity building needs
Technical and financial assistance
Deadlines and responsibilities for roadmap activities

3. Elements of a roadmap Elements Examples of Activities
Suggested improvements on MEITI’s draft:
Institutional and Legal Framework
Reviewing existing company filing requirements upon company registration/ license applications.
Consultations with government agencies to identify the agency(ies) that will maintain beneficial ownership information.
Reviewing any legal, regulatory or practical barriers to disclosure of beneficial ownership.
Undertaking legal reviews and amendments to incorporate requirements for beneficial ownership disclosure in relevant law(s).
List specific activities on how to link BO work with national processes
Identify the studies (e.g., legal review, suggested legal amendments, recommended BO definition) where consultants are needed

4. Elements of a roadmap Elements Examples of Activities
Suggested improvements on MEITI’s draft:
Beneficial Ownership Definition
reviewing whether national laws include a definition of beneficial owners.
reviewing existing international definitions and definitions used in other countries.
agreeing an appropriate definition and ownership thresholds in order to operationalize reporting of beneficial ownership.
Developing/tailoring reporting templates and instructions to companies on how to apply the definitions.
Include activities aimed at developing reporting templates
Include activities aimed at agreeing on instructions for companies
Include activities aimed at agreeing on a proper threshold

5. Elements of a roadmap and Examples
Examples of Activities
Suggested improvements on MEITI’s draft
Politically-exposed persons (PEPs)
Review of existing national and international definitions and reporting obligations for PEPs
Include detailed activities aimed at determining reporting obligaions for PEPs

6. Elements of a roadmap and Examples
Examples of Activities
Suggested improvements on MEITI’s draft
Data collection and data accessibility
Determination of reporting companies
Agreement on how to collect data (e.g.drafting a BO declaration form)
Agreement on how to publish information (e.g.EITI Report, existing registers, creation of BO register, ensuring open data format)
Include activities to identify companies that will participate,
Include activities to determine efficient and sustainable data collection approach
Include activity to develop a BO declaration form
Include activities to identify how to publish information to make it more accessible, e.g. BO register, use of open data formats

7. Elements of a roadmap and Examples
Examples of activities
Suggested improvements on MEITI’s draft
Level of detail
consultation with government, civil society and companies to determine the level of detail of the beneficial ownership disclosures (nationality, country of residence, level of ownership, how ownership is exerted, voting rights, date of birth, residential address, means of contact, etc.),
Discussion of opportunities and challenges with such disclosures.
Developing/tailoring reporting templates and instructions to companies.
Include activities aimed at developing/tailoring reporting templates and instructions to companies
Include activities aimed at agreeing on level of detail that should be included in the reporting template

8. Elements of a roadmap and Examples
Examples of Activities
Suggested improvements on MEITI’s draft:
Data reliability
Agreement on data assurances
Consultations
Agreeing on instructions for companies
Include details on what the workshops should include, i.e. identifying assurance mechanisms, reporting templates, company instructions,

9. Elements of a roadmap and Examples
Examples of Activities
Suggested improvements on MEITI’s draft
Data timeliness
Agreement on when to collect data and how to reflect changes over time
Should include activities aimed at understanding current reporting schedules and requirement of companies
Include activities that will help the MSG agree when to collect data and how to reflect changes in ownership over time
Capacity building
Awareness raising activities
Capacity assessment
Seeking technical assistance and funding
Should be more specific in identifying the trainings and resources needed
Deadlines and responsibilities for activities
Identify stakeholders that should be a) engaged b) consulted c) required to participate
Provide more specific timelines (milestones per quarter, if applicable)

10. MONGOLIA’s roadmap contains detailed description of studies, stakeholders that should be consulted, outputs of each activity, period of implementation, and estimated costs

11. For data collection procedures, TAJIKISTAN specifies in their roadmap the different types of companies that should be engaged based on the type of their activities.

12. PNG’s roadmap describes the existing situation in PNG and uses this as consideration for the list of activities

13. PHILIPPINES’ roadmap has clear timelines, allows for easier tracking of progress and shows which activities should be conducted simultaneously.

14. Thank you! www.eiti.org @EITIorg Author: Gay Ordenes Date: March 2017
Occasion: MEITI, Myanmar
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Address: EITI International Secretariat, Ruseløkkveien 26, 0251 Oslo, Norway