BMF has published a draft bill to update the CRS Extension Ordinance under the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information, proposing the inclusion of additional jurisdictions for automatic exchange of financial account data from the next exchange date.
Germany’s Federal Ministry of Finance (BMF) has published a draft bill to update the list of jurisdictions covered under the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA).
The bill proposes the inclusion of Rwanda, Senegal and Trinidad and Tobago in the CRS Extension Ordinance, expanding the scope of automatic exchange of financial account information with these jurisdictions.
According to the Draft Seventh Regulation Amending the CRS Extension Ordinance dated 8 April 2026, the BMF is authorised under Article 2 of the Act on the Multilateral Agreement of 29 October 2014 between competent authorities on the automatic exchange of information on financial accounts of 21 December 2015 (Approval Act) to bring the CRS MCAA into force through a statutory ordinance requiring the consent of the Bundesrat. This applies to states that signed the agreement after the Approval Act entered into force.
The CRS Extension Ordinance of 11 June 2018, which has been amended several times, serves as the legal basis for extending the agreement to additional states and territories.
The Ministry noted that Rwanda, Senegal and Trinidad and Tobago have recently signed the CRS MCAA. After review, the requirements under Section 7 of the MCAA CRS are considered to be met.
As a result, these jurisdictions are to be added to the CRS Extension Ordinance, enabling the automatic exchange of financial account information with them from the next exchange date on 30 September 2025.
