Specifically, the new law amends article 12 of the existing Law of Ukraine on Television and Radio Broadcasting of 1994, establishing that national and local government authorities, individuals and legal entities which are registered offline, political parties, religious organisations, professional unions, and persons that were convicted by courts and that are still serving their sentences cannot be owners of a TV or radio stations in Ukraine. Furthermore, the Law prohibits to physical or legal persons residing in a country which is recognised as an aggressor or occupier the right to own a television or a radio station in Ukraine. This sentence refers to the Russian Federation which annexed Crimea in 2014. The Law provides a new definition of ownership which is closely connected to the exercise of a decisive influence in the management or business activity of the media outlet directly or through other persons and includes also final beneficiaries. The Law requires that information on the ownership structure and on the individuals owning at least 10% or more of a television or radio broadcasting have to be made public on the company's website and sent to the National Council for Questions of Television and Radio Broadcasting, which is the national media regulator in Ukraine. According to the Law, the Council can impose fines when information provided are insufficient or incorrect.