Member States with without an FDI screening mechanism

The 2019 FDI screening regulation was a first step towards establishing an EU cooperation framework for FDI screening between the Commission, which hitherto had no formal role in this policy area, and Member States. When, in 2017, the Commission published its proposal for the 2019 FDI screening regulation, only 14 of the then 28 Member States had a national FDI vetting mechanism in place, with a patchwork of divergent substantive and procedural rules that created a very fragmented regulatory landscape and an uneven playing field for investors in the EU. As of August 2024, 24 Member States had an FDI vetting regime adopted (see Figure 1).