Progetto

ARTICLE 1

The Agreement between the European Community and the Swiss Confederation providing for measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments (hereinafter referred to as the "Agreement") shall be amended as follows:

(1) the title shall be replaced by:

"Agreement between the European Union and the Swiss Confederation on the automatic exchange of financial account information to improve international tax compliance";

(2) Articles 1 to 22 shall be replaced by:

"ARTICLE 1

Definitions

1. For the purposes of this Agreement:

(a) "European Union" means the Union as established by the Treaty on European Union and includes the territories in which the Treaty on the Functioning of the European Union is applied under the conditions laid down in that latter Treaty.

AMP/EU/CH/en 5