This consultation sets out the Government's proposed sector definitions for the types of entity that could come under the National Security and Investment Bill's mandatory notification regime and we want to hear your views.
The National Security and Investment Bill, introduced to Parliament on 11 November, will provide the Government with updated powers to scrutinise and intervene in investment to protect national security, as well as to provide businesses and investors with the certainty and transparency they need to do business in the UK. The new powers will mandate notification for certain acquisitions in a list of sectors.
The Government will use the responses to refine the definitions so they provide enough clarity to allow parties to self-assess whether they need to notify. The final definitions will be put into secondary legislation, which the Government intends to introduce in time for commencement of the Bill in 2021.
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