New and improved National Security and Investment Act set to be up and running

Businesses and investors are being urged to get ready for changes to the UK’s strengthened national security regime which will commence fully on 4 January 2022. The full press release can be found here.

NSI Guidance

There are 4 forms of guidance to assist businesses, investors and advisors in understanding and meeting the requirements of the NSI Act ahead of its commencement:

• NSI Act Overview: prepare for new rules about acquisitions which could harm the UK’s national security
• How the National Security and Investment Act could affect people or acquisitions outside the UK
• The National Security and Investment Act alongside regulatory requirements
• NSI Guidance for the Higher Education and Research-Intensive sectors
• For a link to the Act and other relevant documents please click here.

Notifiable Acquisition Regulations

A draft of notifiable acquisition regulations in the 17 sensitive areas of the economy has been published and can be found here.