Foreign Subsidies Regulation Notification Tracker

The Foreign Subsidies Regulation (FSR) (Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market) has introduced a wide-ranging set of rules and European Commission powers to prevent financial advantages provided by third countries from distorting competition within the EU internal market. This includes mandatory notification when thresholds are met on the turnover of the companies involved and on the amount of the financial contributions received from third countries. 

Is the FSR relevant for your company?

The regulation applies to all companies engaging in economic activity on the EU internal market, regardless of whether the company is private or publicly owned. The actual applicability of the FSR depends on whether all material conditions are met: a company only has to take account of the FSR when it receives a foreign subsidy as defined by the regulation. Our FSR Brochure provides you with detailed coverage of all aspects of the FSR.

Check whether your transaction must be notified to the EU Commission

As part of the FSR, new notification requirements for M&A transactions and participation in public procurement procedures in the EU came into effect on 12 October 2023. With our FSR Notification Tracker, you can determine within minutes whether an intended or effected transaction must be notified to the European Commission because foreign financial contributions are involved. 

The tool is freely accessible and functions as follows. After clicking on the start button below, you will be guided through a limited set of questions. Click on 'more information' on each page to view a brief explanation which should help you select the appropriate answer to the question posed. Based on your answers, you will receive information on the application of the FSR to your company and guidance on your next steps. This includes a visualisation of the notification procedure which may be relevant for your transaction. By launching the FSR Notification Tracker, you agree to Houthoff's terms of use.