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REPORT (COM(2025)0398 – C100201/2025 – 2025/0215(NLE))

On the proposal for a Council decision on the conclusion, on behalf of the Union, of the Amending Protocol to the Agreement between the European Union and the Republic of San Marino on the automatic exchange of financial account information to improve international tax compliance

A-10-2025-0200

Committee on Economic and Monetary Affairs · Rapporteur: Kinga Kollár

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✦ In short · AI summary of this text, generated 4 Sept 2026

Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

Parliament approves the conclusion of the Amending Protocol to the EU-San Marino agreement on automatic exchange of financial account information, aligning it with updated international standards and EU data protection rules.

Committee position. The rapporteur proposes that Parliament approves the proposal without amendments under the simplified procedure, while noting that Parliament should be involved earlier in future.

Key points

  1. Approves the conclusion of the Amending Protocol to the Agreement between the European Union and the Republic of San Marino on the automatic exchange of financial account information.
  2. The Amending Protocol updates the agreement to align with the revised Common Reporting Standard, extending its scope to electronic money products and central bank digital currencies.
  3. The Protocol updates data protection references, replacing the repealed Directive 95/46/EC with the GDPR and adding safeguards for San Marino, which lacks an adequacy decision.
  4. The changes aim to improve administrative tax cooperation, fight tax evasion and money laundering, and apply from 1 January 2026.

Who is affected

  • The European Union and the Republic of San Marino, which will apply updated rules for automatic exchange of financial account information.

Figures and deadlines

  • 1 January 2026: date from which the modified Common Reporting Standard and corresponding EU rules apply.

Legal basis: Article 115, Article 218(6), second subparagraph, point (b), and Article 218(8), second subparagraph, of the Treaty on the Functioning of the European Union