The European Commission has issued Commission Implementing Regulation (EU) 2024/432 of 2 February 2024, determining that the information to be automatically exchanged pursuant to the agreement signed by the competent authorities of Canada and certain EU Member States is equivalent to the information specified in certain provisions of Council Directive 2011/16/EU. The Regulation was published in Official Journal of the EU on 5 February 2024 and will enter into force on 25 February 2024. The Regulation is important in relation to DAC7 reporting requirements in the EU, essentially confirming that digital platforms reporting in Canada will not need to report...