FSR: 10 things to know

The EU’s Foreign Subsidies Regulation (FSR)¹ has entered into force on 12 January 2023 and applies as from 12 July 2023. It enables the European Commission (EC) to review subsidies granted by non-EU countries that may distort competition within the EU. The concept of subsidies targeted by the FSR is equivalent to the notion of State aid in EU law. For more information on the FSR, please refer to our article.

We've summarised the 10 things you need to know about the FSR.

^{1 Regulation 2022/2560 of 14 December 2022 on foreign subsidies distorting the internal market, 2022 OJ L330/1}