European Union Gazettes EC Decision on Protocol to AEOI-CRS Agreement With Andorra

The European Union Official Gazette Oct. 17 published European Council (EC) Decision No. 2025/2120, authorizing the signing of a protocol to the agreement with Andorra on the automatic exchange of information (AEOI) on financial accounts under the OECD’s common reporting standard (CRS), signed Feb. 12, 2016. The decision includes measures: 1) incorporating the changes to the CRS and reflecting Council Directive 2023/2226/EU on administrative cooperation (DAC8), from Jan. 1, 2026; 2) expanding the CRS to cover electronic money products and central bank digital currencies; 3) replacing Council Directive 95/46/EU on data protection with the General Data Protection Regulation 2016/679/EU (GDR), ...