Clause 53

by inserting, immediately before the definition of “competent authority agreement”, the following definitions:“ “Action 13 Report” means the Transfer Pricing Documentation and Country‑by‑Country Reporting, Action 13 — 2015 Final Report published by the Organisation for Economic Co‑operation and Development on 5 October 2015;“CbCR exchange agreement” means a bilateral or multilateral agreement that is based on a model agreement in the Action 13 Report, and that requires the exchange of country‑by‑country reports;”; and

by inserting, immediately after the definition of “competent authority agreement”, the following definition:“ “country-by-country report” means a report by that name mentioned in the Action 13 Report, to be made in the format set out in the Report;”.