Repeal of Regulation (EU) 2019/452

This regulation updates the framework for screening foreign investments in the EU to better protect security and public order. It aims to create a more harmonised and consistent approach across all Member States when assessing potential risks from foreign direct investments.

The rules affect Member States, the European Commission, and foreign investors looking to invest in the EU. It strengthens the cooperation mechanism between Member States and the Commission to identify and address risks to security and public order.

Key changes include requiring all Member States to screen foreign investments, harmonising core elements of national screening mechanisms, and expanding the scope to include greenfield investments and investments in critical infrastructure or technologies. The Commission gains more power to issue opinions and coordinate responses.

Acquisitions through bank or insurance resolution tools are excluded from the scope of this regulation to avoid financial stability risks. The rules also encourage Member States to publish guidance on their screening procedures and risk assessment criteria.