For example, the implementation of an agreement between the Government of the Republic of South Africa and the Government of the United States of America on the implementation of the U.S. Account Compliance Act (FATCA) is an important step for South Africa in preparing for the automatic exchange of information within the meaning of the IRS. With respect to fatca, South African financial institutions are required to provide important financial information to SARS for transmission to the United States of America. From 14 January to 21 April 2015, the hearing of the OECD convention and the Council of Europe (signed by Switzerland in 2013) and the hearing of the MCAA Law and the AIA took place. The AIA will be implemented in Switzerland through bilateral or multilateral agreements with selected partner countries. Switzerland will agree on the AIA with the EU (replacing eu savings tax agreements), the United States (conversion of FATCA agreements to „Model 1“) and other countries with which Switzerland has close economic and political relations. The aim of the agreements is to guarantee reciprocity, to become the principle of specialty, that is to say that the information exchanged can only become taxes and levies (for criminal tax procedures) and that they are sufficient data protection. Transparency groups have reacted in different ways, and some criticize the fact that developing countries have not been considered and involved.  The collection and provision of information can be so costly and difficult for developing countries that it is not possible to participate in the regime. Instead of offering a period of non-reciprocity during which developing countries could simply obtain financial data, the only mention of non-reciprocal agreements is the reception of tax havens. In July 2015[update], 53 countries signed the automatic exchange of information;  As of July 2016[update], 83 jurisdictions had signed the agreement.  Its aim is to combat tax evasion. The idea was based on the implementation agreements of the US Foreign Account Tax Compliance Act (FATCA), whose legal basis is the Convention on Mutual Tax Assistance. 97 countries have signed an implementation agreement and others intend to sign it at a later date. The first notifications took place in 2017, many of the others from 2018. Since October 2014[update], 51 countries have signed the Multilateral Competent Authority Agreement (MCAA) to automatically exchange information on the basis of Article 6 of the Convention on Mutual Tax Assistance.  The OECD and the G20 adopted the SRC in 2014. The common standard serves as the basis for the annual automatic exchange of financial account information. At an international conference on tax policy in Berlin in October 2014, 51 countries signed a multilateral agreement on the new standard. In May 2014, 47 countries tentatively agreed on a „common reporting standard,“ officially designated as the standard for the automatic exchange of financial account information: an automatic exchange of information on residents` assets and income in accordance with the standard.  Among the 34 OECD countries, Argentina, Brazil, China, Colombia, Costa Rica, India, Indonesia, Latvia, Lithuania, Malaysia, Saudi Arabia, Singapore and South Africa.  OECD initiatives have made it clear that the international community will not tolerate harmful tax practices in tax havens that deplete countries` tax bases.