On a few days from now, and specifically on 12 October 2023, the filing obligations under the new Foreign Subsidies Regulation (FSR) will start to apply. The impact of the FSR is expected to be significant, in particular for M&A transactions, given that it will result in a substantial burden for businesses.

For an overview of the basic concepts of the FSR, the notification thresholds as well as its implications, read our below.