Investment Screening Ordinance: Federal Council opens consultation
Berne, 12.06.2026 — On 12 June, the Federal Council opened the consultation on the Investment Screening Ordinance, which sets out the implementing provisions for the Investment Screening Act passed by Parliament on 19 December 2025.
The Investment Screening Act will allow the authorities to review takeovers of Swiss companies by foreign investors and, where necessary, to block them if they threaten public order or security in Switzerland. To this end, certain takeovers will be made subject to approval. This applies to takeovers of Swiss companies operating in particularly critical sectors. The approval requirement is to apply if the proposed takeover is to be carried out by a state-controlled foreign investor.
The Ordinance sets out the details of the approval requirement and procedure under the Act. Among other things, it specifies which states are exempt from the approval requirement and which information and documents must accompany an application. It also governs data protection and the fee rate.
The consultation runs until 5 October 2026.