The law applies to state bodies and local government authorities, state institutions, state unitary enterprises, state trust funds, and joint-stock companies with a state share of 50 percent or more in the charter capital. 

The document defines key concepts including “an employee of the state body or other organization”, “conflicts of interest”, special divisions for resolving conflicts of interest, “personal interests”, and “close relatives”.

The following individuals are recognized as related persons to an employee of a state body or other organization:

• Close relatives of an employee working for the state body or other organization;
• A legal entity in which the employee of the state body or other organization and/or his close relatives own shares or stakes in the charter capital;
• A legal entity where the employee of the state body or other organization or his close relatives are directors or members of the management. 

According to the law, the Anti-Corruption Agency is designated as a specially authorized state body to regulate relations related to conflicts of interest.

Compliance with the law by an employee of a state body or other organization is overseen by an Ethics Commission established within that state body or organization.

 The law will come into force six months after its official publication.