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The Regulation on Foreign Subsidies Distorting the Internal Market – Outline of the Provisional Agreement

Towards the end of June 2022 the negotiators of the European Parliament and of the Council reached a provisional agreement on the Regulation on foreign subsidies distorting the internal market. This article describes the main points of the provisional agreement, pertaining to the key concepts of the Regulation, guidelines on certain provisions, thresholds for notifying concentrations and public procurement tenders, adapting those thresholds by delegated acts, the relationship with third countries as regards subsidies, certain procedural aspects and the retrospective application of the Regulation.