Author: Bethany Magro

The European Commission (EC) published the very first Annual Report on the implementation of the FDI Screening Regulation. The Annual Report draws on a number of sources, including the reporting by Member States pursuant to Article 5 of the FDI Screening Regulation. Prior to the entry into force of the FDI Screening Regulation on 11 October 2020, there was no EU-wide formalised cooperation among Member States and the European Commission on these matters. The European Commission had no role in the screening of FDI into the EU. This Report provides transparency around the operation of FDI screening in the EU, and developments in national screening mechanisms. It contributes to the accountability of the Union in an area where, given the security interests at stake, transparency regarding individual transactions is neither possible nor appropriate. This first Annual Report, based on the reports by the 27 Member States and other sources, confirms the clear value-added of the Regulation and the cooperation mechanism. More information here. ...

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The National Foreign Direct Investment Screening Office (NFDIS) was inaugurated by the Minister for the Economy and Industry Silvio Schembri, Chairperson of the NFDIS Mr Mario Galea, and Director General for Trade of the European Commission Dr Damien Levie.   Minister Silvio Schembri stated that the office screens investment of strategic importance in sectors such as energy, transport, health, artificial intelligence, infrastructure, and cybersecurity. He described how through this office, information can be exchanged, facilitating a transfer of knowledge and build-up of intelligence.   View for more details and highlights.                     ...

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The National FDI Screening Office : Malta and Malta Employers Association - MEA have agreed to collaborate on the sharing of best practices and on promoting publicly available information to the benefit of the respective members.   Mr Mario Galea for NFDIS and Mr Joseph Farrugia for MEA, signed a collaborative agreement which for the coming three years, establishes the National FDI Screening Office as one of the main collaborative partners within the meaindex.com online platform....

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Bethany Magro, our Chief Operations Officer at our recently established National FDI Screening Office, tells how the regulation represents a crucial shift for the EU during an exclusive interview with Malta Business Weekly. https://maltabusinessweekly.com/a-stronger-framework-for-investment/13002/?fbclid=IwAR2Zs7-srbvFBkyzHCWRG529c0BarhZAV2CNFIFZ2hurADHRBbJ6DvdaBo8...

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"NFDIS Malta tgħin biex terġa tinbena l-fiduċja u l-kunfidenza f’investiment dirett barrani u biex jiġi żgurat li l-investituri barranin imexxu n-negozju f’pajjiżna b’integrità u trasparenza."   Aqra iktar - https://www.tvm.com.mt/mt/news/ufficcju-li-jiffacilita-l-process-ta-investiment-fpajjizna/?fbclid=IwAR0PT8pc4fyH-icqs5UMZUaaie8RrdANwJ8JzOlGeS0OEcam65WZkrB-1ZI...

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In March of 2019, the European Parliament and Council enacted Regulation (EU) 2019/452, which established a framework for the screening of foreign direct investments into the European Union. The regulation, which entered into force in April of the same year, applies to transactions taking place post-October 2020 onwards. The FDI Regulation represents a crucial shift for the EU, as for the very first time, screening of foreign direct investments is being regulated at EU level. In fact, this development has the potential to significantly impact those investors from third countries that consider investing in the EU. More importantly, it can also be of relevance to the interests of EU investors. Read more.  ...

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The Malta Foreign Direct Investment Screening Office, set up to implement the provisions of Act No. LX of 2020, would like to notify and remind foreign direct investors and their service providers, that the Office is receiving notification forms in line with the provisions of the Act.   This notification form is to be filed where, inter alia: a) there is an ultimate beneficial owner, whether existing or new, as defined in the Act; b) the activity is one as described in the Schedule to the Act; c) there is a foreign direct investment as defined in the Act.   Click here to view the circular....

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