1. overview of the common reporting standards: what it is and who it currently applies to;

2. overview of who will fall in scope when the changes come into force: a breakdown of which firms will fall within scope of the common reporting standards;

3. carve out from common reporting standards: information on the “carve-out” from compliance with the common reporting standards, even if you do fall within scope;

4. exempt accounts from reporting: information on which accounts do not need to be reported under the common reporting standards;

5. implementation timelines: a clear outline of when the changes will take effect and the deadlines you need to be aware of;

6. how we can assist you: information on the support and services Creed Solicitors can provide to help you navigate these changes smoothly.