The Swiss Federal Council announced on 6 July 2016 that it has adopted the dispatch on the introduction of the automatic exchange of financial account information with Canada, Guernsey, Iceland, Isle of Man, Japan, Jersey, Norway, and South Korea, and submitted it to Parliament for approval. The automatic exchange is to begin in 2018 based on the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information. Click the following link for the press release.