Competent Authority Agreement on AEOI between the United Kingdom and the Isle of Man released

Recently, in March 2019, the text of the Competent Authority Agreement on Automatic Exchange of Information (“AEOI”) between the United Kingdom and the Isle of Man has been released (Link). This agreement, signed on 21 January and 22 February 2019, forms the basis of the exchange of information between these nations under the Common Reporting Standard.

In addition, the Isle of Man AEOI Industry Advisory Notice to all Isle of Man Financial Institutions and third parties, released in February 2019, is now available on the Isle of Man website (Link).

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