According to an update from the Swiss government, the agreements for the automatic exchange of financial account information with nine jurisdictions and the EU entered into force on 1 January 2017. The agreements are with Australia, Canada, Guernsey, Iceland, Isle of Man, Japan, Jersey, Norway, South Korea, and the EU (applies for all 28 EU Member States). Switzerland will start collecting data in 2017 and exchange it for the first time in 2018.