7 August 2023
On 10 July 2023, the European Commission published the final Implementing Regulation and notification forms for the EU Foreign Subsidies Regulation (FSR). This briefing focuses on procurement aspects of the FSR and follows our review of the draft Implementing Regulation and procurement notification form published for consultation earlier this year (see here).
With the final rules in place, bidders that participate in high-value EU procurement procedures should act quickly to prepare ahead of the new regime commencing on 12 October 2023 in order avoid exclusion from future procurement processes or fines for non-compliance.
In this briefing, we provide an overview of the reporting obligations to assist bidders with their preparations.