This Resolution establishes the regulatory framework for the Automatic Exchange of Financial Account Information in the UAE, aligned with the OECD Common Reporting Standard. It defines the roles of Regulatory Authorities, including the Central Bank and Ministry of Finance, in supervising financial institutions. The text specifies mandatory due diligence, reporting timelines, and five-year record-keeping obligations for Reporting Financial Institutions. Notably, it outlines a stringent administrative penalty regime for non-compliance, including fines for false self-certifications and failure to submit Nil Returns, while implementing the provisions of the Multilateral Administrative Agreement ratified by Federal Decree No. 48 of 2018.