# The International Tax Compliance (Amendment) Regulations 2017, Regulation 3: Amendment of regulation 1 (interpretation)


(1) For regulation 1(3)(b) substitute—
“(b) the following arrangements relating to the CRS—
(i) the arrangements entered into, at the date these Regulations come into force, by the United Kingdom with another territory for the exchange of tax information for the purposes of the adoption and implementation of the CRS; and
(ii) the arrangements for the exchange of information arising from the agreements entered into by the EU at the date these Regulations come into force, regarding the adoption and implementation of the CRS as between member States and other territories,”.
(2) After regulation 1(3) insert—
“(3A) In these Regulations, “the CRS” means the common reporting standard for automatic exchange of financial account information developed by the Organisation for Economic Co-operation and Development.”.

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Source: https://www.legislation.gov.uk/uksi/2017/598/regulation/3 (the official version)
Page: https://openlegislation.uk/international-tax-compliance-amendment-regulations-2017/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.