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State Property Fund has approved a Resolution on the Procedure for the competitive selection of operators for the sale of small-scale privatization objects through the ProZorro.Sales system

Resolution on the Procedure for the competitive selection of operators for the sale of small-scale privatization objects through the ProZorro.Sales system was approved by the State Property Fund’s order.

This was announced by Vitalii Trubarov, Chairman of the State Property Fund, on his Facebook page.

“Preparation for privatization under the new law continues, said he, Recall that all objects whose value of assets last year is less than UAH 250 million will be sold exclusively through electronic trades”.

In accordance with the Procedure, selection will be conducted by a specially created Working group, which includes representatives of the SPFU, the MEDT, the Ministry of Justice and the Antimonopoly Committee (at least 5 people).

The Working group, in particular, prepares a newsletter about the conduct of the contest and verifies the participants regarding compliance with its terms.Among the main requirements is the presence of a confirmation from the trading system administrator regarding compliance with the requirements of the ProZorro.Sales ETS, availability of work experience not less than one year, absence of bankruptcy or liquidation procedure in relation to the participant. The group will also check whether the participant's founders are not included in the register of persons who committed corruption offenses or whether the founders or related persons are not members of those who are subject to sanctions.

Eligible participants will be added to the List of Operators with whom the Fund will enter into sales contracts using the ProZorro.Sales system.

Approval Order on the Procedure for the competitive selection of operators of electronic platforms for the sale of small-scale privatization objects through the ProZorro.Sale system are subject to registration with the Ministry of Justice, and after this procedure and publication, it will come into force.