La presente informativa è resa, anche ai sensi dell’art. 13 del D. Lgs. 196/2003 “Codice in materia di protezione dei dati personali” (“Codice Privacy”) 
e degli artt. 13 e 14 del Regolamento (UE) 2016/679 (“GDPR”), a coloro che si collegano alla presente edizione online del giornale Tribuna Economica di proprietà di AFC Editore Soc. Coop. 

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The new EU framework for the screening of foreign direct investments has officially entered into force on 10 April 2019. The new framework is based on proposal tabled by the European Commission in September 2017 and will be instrumental in safeguarding Europe's security and public order in relation to foreign direct

investments into the Union. President of the European Commission, Jean-Claude Juncker said: "This new framework will help Europe defend its strategic interests. We need scrutiny over purchases by foreign companies that target Europe's strategic assets. I want Europe to remain open for business, but I have said time and again that we are not naïve free traders. The adoption and entry into force of this proposal in an almost record time shows that we mean business and that when it comes to defending Europe's interests we will always walk the talk."

The new framework will: create a cooperation mechanism where Member States and the Commission will be able to exchange information and raise concerns related to specific investments; allow the Commission to issue opinions when an investment poses a threat to the security or public order of more than one Member State, or when an investment could undermine a project or programme of interest to the whole EU, such as Horizon 2020 or Galileo; encourage international cooperation on investment screening, including sharing experience, best practices and information on issues of common concerns; set certain requirements for Member States who wish to maintain or adopt a screening mechanism at national level. Member States also keep the last word whether a specific investment operation should be allowed or not in their territory; take into account the need to operate under short business-friendly deadlines and strong confidentiality requirements.

Starting today, EU Member States are required to notify their national investment screening mechanisms to the Commission. At present, 14 Member States have national screening mechanisms in place. Several Member States are in the course of reforming their screening mechanisms, or adopting new mechanisms.  

Over the next 18 months, the Commission and EU Member States will take the necessary steps to make sure that the EU can fully apply the Investment Screening Regulation as of 11 October 2020. These steps concern, in particular, the setting up of the new EU-wide mechanism for cooperation, enabling Member States and the Commission to exchange information and raise concerns related to specific foreign investments. Upcoming tasks include: Creating formal contact points in each Member State and in the Commission to allow for the exchange of information and analysis; Establishing secure channels between Member States and the Commission to exchange information on FDI transactions; Putting in place the necessary procedures for Member States and the Commission to react quickly to FDI concerns and to issue opinions; Pursuing policy cooperation on FDI screening with relevant partner countries.