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SYNTHÈSE
Renato Nazzini began by pointing that today competition policy has less and less to do with competition and more to do with everything else. It now encompasses issues such as industrial policy, sustainability and the environment. There is also news on the foreign investments front as the United Kingdom’s National Security Investment Tax recently received the Royal Assent. It will be significant because all investments in U.K. companies above the threshold of 25 per cent in seventeen sectors from the classic strategic sectors — defence and national infrastructure — to synthetic biology, artificial intelligence inter alia will have to be notified to a government unit for clearance pending a mandatory standstill period. The EU also published a White Paper on levelling the playing field with regard to foreign subsidies in June 2020 and the consultation that followed ended a few weeks ago. It is no secret that these efforts opened the way for a coming regulation.