The first meeting of the Civil Oversight Council under ARMA took place, during which the Council members elected its leadership.

Following the vote, Yevhen Linnyk (NGO «D7 Foundation») was elected Chair of the Council, Serhii Verenchuk (NGO «Civil Oversight Center») was elected Deputy Chair and Oksana Ihnatenko (NGO «Civil Oversight Center») was elected Secretary.

The Civil Oversight Council is an advisory body under ARMA. Its powers include exercising civil oversight of the Agency’s activities, reviewing its annual report, examining draft regulations, and overseeing the legality and transparency of the selection of asset managers and the sale of assets within the limits established by law.

Acting Head of ARMA Yaroslava Maksymenko welcomed the Council members as they began their work and emphasised the importance of civil oversight and the Agency’s openness to cooperation.