Notified jurisdictional area designation prompts bilateral consultations to clarify information exchange and review treaty obligations. Designation of Cyprus as a notified jurisdictional area followed from a decision by the other State citing perceived inadequacy of information provided under the existing double tax treaty; the treaty has not been terminated. Cyprus commits to resolve discrepancies through direct consultations between the competent authorities and to pursue negotiations to finalise a review of the double tax treaty and clarify information-exchange concerns affecting businesses.