• DEN CRG issued consultation regarding evaluation of Investment screening act (ISA).
• Follows DEN CRG June 2023 investment screening act updates.
• Follows DEN CRG July 2021 guidance on investment screening rules.

Consultation

• DEN CRG initiated evaluation of ISA; report will be prepared, forwarded to DEN PRL.
• Its evaluation is focused on whether the ISA lives up to its purpose in light of changes in the threat landscape and the geo-political situation.
• DEN CRG has prepared an overview of development in cases received under ISA.
• From its entry into force on 1 July 2021, to 30 June 2023, as well as preliminary experience with phased case processing process which came in force on 1 July 2023.
• DEN CRG requested comments regarding experience with the ISA; identified various themes concerning its practical application that may be particularly relevant to clarify.
• The comments should particularly relate to whether the rules are deemed to be sufficiently comprehensive in relation to the purpose of the law.
• And if rules need to be adapted to address possible opportunities for circumvention, unintended economic or administrative consequences for Danish businesses.
• Themes include foreign direct investment; special financial agreements; other critical technology; phased case processing, application process, notification, pre-screening.

Effectiveness

• Comment must be submitted by noon on 11 April 2024; list of organizations attached.