Foreign Investment in UK: National Security
The question
To ask the Minister for the Cabinet Office, with reference to the written statement of 18 April 2024 on Economic Security, HCWS415, when he plans to consult on updates to (a) the mandatory areas and (b) how these are defined under the National Security and Investment Act 2021.
Answered by Ms Abena Oppong-Asare
The previous government published a Call for Evidence in November 2023 and a response in April 2024. The Call for Evidence sought feedback from a wide range of stakeholders on the scope of the regime, the notification process and government guidance and communications. The Government is currently considering its next steps, drawing on responses received.
The Government will also review and produce a report on the Notifiable Acquisition Regulations 2021, which set out the areas of the economy in scope of the National Security and Investment Act’s mandatory notification requirements, as required by section 4 of the Notifiable Acquisitions Regulations.
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