In July 2020 a new foreign direct investment (FDI) screening act, the Investment Control Act (ICA), entered into force, following the general trend of tightening FDI regulatory frameworks.
The ICA largely transposes the require­ments of the EU Foreign Investment Screening Regula­tion (2019/452). The cooperation mechanism set out in the ICA will take effect concurrently with EU Regulation 2019/452, on which it is based, on 11 October 2020.