Officials from Iceland and the Netherlands have signed an MOU on the automatic exchange of information under the Mutual Assistance Convention as amended by the 2010 protocol. The MOU was signed by Iceland and the Netherlands on 13 February and 7 February 2017 respectively It sets out the scope of information to be exchanged automatically, the timing of exchange, and other related matters. The MOU is generally effective from 13 February 2017 and applies for the first time to information regarding the calendar year 2016.