We have been witnessing a rapid change in the financial services tax and legal environment amongst financial services institutions and groups.

In our Spotlight on Financial Services Tax series, PwC Middle east Financial Services Tax Partner and Leader, Peter Maybrey and Middle East Information Reporting Leader, Bilal Abba, look at the key issues Middle East based businesses need to be aware of and how they apply to the financial services sector. The series will be composed of 10 minute podcasts touching on various topics such as DAC6, digital banking, economic substance requirements, FATCA and CRS, among other key issues.

In our second episode, we look at automatic exchange of information regime and EU's Mandatory Disclosure regime, DAC6.