NRF Foreign Subsidies Regulation Solution

A complete offering for the practical challenges of preparing notifications under the EU Foreign Subsidies Regulation (FSR) including collecting and analyzing financial contribution information and aggregating data for submission.

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The FSR requires companies engaged in M&A transactions with a significant EU nexus (EUR500M+ target/JV revenues) and significant EU public tenders (EUR250M+ value) to notify the EU Commission of non-EU “foreign financial contributions,” a new concept encompassing a wide range of interactions with non-EU government bodies and public and private entities attributable to such governments.

Complying with the FSR framework raises legal and technical challenges. Foreign financial contributions are not tracked by existing reporting systems. Financial contribution data must be collected from diverse teams and business units on a consistent basis. Many questions arise as team members seek to identify and quantify financial contributions; they will need access to prompt and reliable legal guidance.

Legal expertise

Our lawyers have extensive practical experience applying the new regulatory requirements to clients’ diverse business situations and have worked closely with our Digital Solutions team to develop an interactive platform to streamline the collection of required information across multiple business lines and jurisdictions.

When a notification is required, our legal team’s deep background knowledge on the origins and purpose of the Foreign Subsidies Regulation and experience with its implementation make us uniquely well placed to assist multinationals in drafting notifications and obtaining speedy approvals.

How the NRF Foreign Subsidies Solution works

Our platform ensures consistent, centralized FFC data collection from team members across your business. Team members can easily clarify legal queries via the inbuilt Q&A workflow, tracking questions, responses and comments for each FFC entry.

Team leads can monitor the progress of data gathering for completeness and consistency. Information on the platform can be updated, and data can be analysed, aggregated and exported, as required.

Subject to your requirements, we can create granular permissions to ensure users only view and edit information they should access.

 

Features

Foreign financial contribution data collection

• Centralised data storage 
  
• Uniform data collection across business - no more stitching together mismatched Excel sheets 
  
• Facilitates data collection from multiple teams
  
• Data entered can be revised and augmented
  
• All data entries checked for accuracy by NRF's expert legal team 

Legal guidance

• FAQs for data contributors to instantly clarify legal queries 
  
• Direct access to NRF's expert lawyers via Q&A function 

Reporting & guidance

• Monitor legal queries and data collection progress with purpose-built dashboards
  
• Instant export for EU notification and internal reporting 

Centralise storage of structured foreign financial contribution data 

Easily produce EU notifications 

Direct access to expert legal advice when required