The EU Parliament and Council see their Foreign Subsidies Regulation enter into force, imposing new notification requirements for companies from third countries active in the Union

The EU regulation on foreign subsidies distorting the internal market (“FSR”) enters into force on 12 January 2023. [1] it marks an important legislative evolution for companies from third countries engaged in an economic activity within the EU and aims to ensure a level playing field in the EU internal market. Broad scope of application The FSR targets any undertaking engaged in an economic activity in the internal market that has received a foreign subsidy distorting the internal market. A foreign subsidy is any financial contribution provided by a third country (non-EU Member State) which confers a benefit on an undertaking engaging in an economic activity in the internal market and which is limited to one or more undertakings or industries. [2] A distortion in the internal market

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Philippe-Emmanuel Partsch, Achet-Billa Saleh, The EU Parliament and Council see their Foreign Subsidies Regulation enter into force, imposing new notification requirements for companies from third countries active in the Union, 12 January 2023, e-Competitions January 2023 - II, Art. N° 110557

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