Non-Paper No 6/2025: The EU Foreign Subsidies Regulation
Written by Dominika Pietkun, Programme Associate at the CELIS Institute and PhD Candidate at the Institute of Legal Sciences of the Polish Academy of Sciences.
The final panel at CFIS Investment Screening and Economic Security 2024 (CFIS 24) was dedicated to the European Union’s Foreign Subsidies Regulation (the “FSR”)1 which entered into force on January 12, 2023, introducing a new legal instrument aimed at combating distortions of competition in the EU internal market caused by foreign subsidies. The FSR has been fully applicable since October 12, 2023, meaning that during CFIS 24 the FSR was discussed almost exactly on the first anniversary of its full application.
CFIS 24’s Panel 8 focused on: (i) examining the reasons for introduction of the FSR, (ii) discussing how the FSR operates in practice and what are the challenges companies face in compliance with the requirements of the FSR, (iii) analyzing the FSR’s impact on competition, EU market and specific industries, and (iv) commenting on the long-term economic and strategic implications of the FSR. This non-paper summarizes key takeaways from the panel.
