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The EU Investment Screening Regulation became fully operational
across the EU on 11 October 2020. Within the newly established EU
framework, the European Commission (Commission) and the Member
States are now subject to mandatory cooperation and information
sharing requirements with regard to the review of foreign direct
investments that are likely to affect security or public order.
In Ireland, the Department of Enterprise, Trade and Employment
(Department) has assumed responsibility for any cooperation and
information requests. In parallel, the Department is working on
draft legislation that could result in the introduction of a