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ARTICLE · 27 DECEMBER 2024

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Foreign Influence Risks Spur New Regulatory Measures In Europe

Steptoe LLP
Steptoe LLP
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Steptoe LLP

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The UK government announced that it plans to roll out the new Foreign Influence Registration Scheme (FIRS) next summer, after a protracted delay of the planned 2024 launch. FIRS requires individuals and entities.

GlobalGovernment, Public Sector

The UK government announced that it plans to roll out the new Foreign Influence Registration Scheme (FIRS) next summer, after a protracted delay of the planned 2024 launch. FIRS requires individuals and entities to register arrangements intended to influence UK politics at the direction of foreign governments or political parties. The delay was reportedly to allow the new Labour government time to review the program, which had been revised following concerns from business and civil society groups that it could deter investment and hinder press freedom. The current effort to move forward on its implementation is taking place against the backdrop of domestic concerns of covert foreign influence and espionage and the unfolding story of likely Russian interference in the Romanian presidential elections.

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