• NOR GVT appointed a committee to investigate whether there is a need for increased control of foreign investments and other economic activity to protect national security.
• Screening mechanism has been in development since Security Act was force in 2019.
• This mandates notification of changes in ownership in businesses subject to the Act.

Committee Overview

• Will investigate need for new rules for screening economic activity against businesses not subject to Security Act and any other areas not secured via current regulations.
• Examine relevant countries' approaches and consider these in assessments, as per EU regulation 2019/452 which requires transparency/non-discriminatory.

Next Steps

• The committee must present its report by 1 December 2023.