The European Commission has now adopted its long-awaited Implementing Regulation in relation to the EU’s new Foreign Subsidies Regulation (“FSR”). The Implementing Regulation includes the notification forms setting out what information must be provided in relation to concentrations and public procurements. The information requirements have been reduced considerably compared to the drafts published earlier this year and should help companies focus their due diligence efforts. The new regime becomes applicable from 12 July 2023 with the notification obligations commencing from 12 October 2023.
Check out this post, including:
- Three intervention tools.
- The notion of “foreign financial contribution” and the draft Implementing Regulation and notification forms.
- The final Implementing Regulation and notification forms.
- Practical impact and due diligence.
Read the post here.
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