National Security and Investment Act 2021

There are currently no known outstanding effects for the National Security and Investment Act 2021.

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

  1. Introductory Text
  2. PART 1 Call-in for national security
    1. CHAPTER 1 Call-in power
      1. 1.Call-in notice for national security purposes
      2. 2.Further provision about call-in notices
      3. 3.Statement about exercise of call-in power
      4. 4.Consultation and parliamentary procedure
      1. 5.Meaning of “trigger event” and “acquirer”
      2. 6.Notifiable acquisitions
      3. 7.Qualifying entities and assets
      4. 8.Control of entities
      5. 9.Control of assets
      6. 10.Holding and acquiring interests and rights: supplementary
      7. 11.Exceptions relating to control of assets
      8. 12.Trigger events: supplementary
      1. 13.Approval of notifiable acquisition
      1. Procedure in respect of notifiable acquisition
        1. 14.Mandatory notification procedure
        2. 15.Requirement to consider retrospective validation without application
        3. 16.Application for retrospective validation of notifiable acquisition
        4. 17.Retrospective validation of notifiable acquisition following call-in
        1. 18.Voluntary notification procedure
        1. 19.Power to require information
        2. 20.Attendance of witnesses
        3. 21.Information notices and attendance notices: persons outside the UK
        4. 22.False or misleading information
        1. Assessment period
          1. 23.Meaning of “assessment period”
          2. 24.Effect of information notice and attendance notice
          1. 25.Interim orders
          2. 26.Final orders and final notifications
          3. 27.Review, variation and revocation of orders
          4. 28.Orders: supplementary
          5. 29.Publication of notice of final order
          1. 30.Financial assistance
          1. 31.Interaction with CMA functions under Part 3 of Enterprise Act 2002
          1. Offences
            1. 32.Offence of completing notifiable acquisition without approval
            2. 33.Offence of failing to comply with order
            3. 34.Offences: information and attendance of witnesses
            4. 35.Offences in relation to sharing information
            5. 36.Offences by bodies corporate etc
            1. 37.Prosecution
            2. 38.Proceedings against partnerships etc
            3. 39.Offences: penalties
            1. 40.Power to impose monetary penalties
            2. 41.Permitted maximum penalties
            3. 42.Review, variation and revocation of monetary penalties
            4. 43.Monetary penalties: criminal proceedings and convictions
            5. 44.Recovering penalties
            6. 45.Monetary penalties: cost recovery
            7. 46.Review, variation and revocation of cost recovery notice
            8. 47.Enforcement of cost recovery notice
            1. 48.Enforcement through civil proceedings
            1. 49.Procedure for judicial review of certain decisions
            2. 50.Appeals against monetary penalties
            3. 51.Appeals against costs
            1. 52.Extra-territorial application and jurisdiction to try offences
            1. Administrative requirements
              1. 53.Procedure for service, etc
              1. 54.Disclosure of information
              2. 55.Disclosure of information held by HMRC
              1. 56.Duty of CMA to provide information and assistance
              1. 57.Data protection
              1. 58.Minor and consequential amendments and revocations
              1. 59.Overseas information disclosure
              1. 60.Defamation
              1. 61.Annual report
              1. 62.Transitional and saving provision in relation to the Enterprise Act 2002
              2. 63.Regulations under this Act
              3. 64.Financial provision
              4. 65.Interpretation
              5. 66.Short title, commencement and extent
              1. SCHEDULE 1Trigger events: holding of interests and rights
                1. Joint interests
                  1. 1.If two or more persons each hold an interest or.
                  1. 2.(1) If interests or rights held by a person and.
                  1. 3.(1) An interest or right held indirectly by a person.
                  1. 4.An interest held by a person as nominee for another.
                  1. 5.(1) Where a person controls a right, the right is.
                  1. 6.(1) Rights that are exercisable by a person only in.
                  1. 7.Rights attached to shares held by way of security provided.
                  1. 8.Two or more persons who are connected with each other.
                  2. 9.(1) Two or more undertakings are connected if they are.
                  3. 10.(1) An individual, A, is connected with another individual, B.
                  1. 11.(1) Two or more persons who share a common purpose.
                  1. 12.(1) In this Schedule “arrangement” includes— (a) any scheme, agreement.
                  1. 1.The Enterprise Act 2002 is amended in accordance with paragraphs.
                  2. 2.(1) Section 23 (relevant merger situations) is amended as follows.
                  3. 3.Omit section 23A.
                  4. 4.In section 35(7) (questions to be decided in relation to.
                  5. 5.In section 36(6) (questions to be decided in relation to.
                  6. 6.In section 48(3) (cases where references or certain questions need.
                  7. 7.In section 58 (specified considerations), omit subsections (1) and (2).
                  8. 8.In section 59 (intervention by Secretary of State in special.
                  9. 9.In section 153 (specified considerations), omit subsection (2).
                  10. 10.In paragraph 20(1) of Schedule 8 (national security) omit “(within.
                  11. 11.In consequence of the preceding paragraphs, the following are revoked—.

                  Options/Help

                  Print Options

                  Print Table of Contents

                  • PDF table of contents
                  • Web page table of contents

                  Print The Whole Act

                  • PDF The Whole Act
                  • Web page The Whole Act

                  Legislation is available in different versions:

                  Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

                  Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

                  Opening Options

                  Different options to open legislation in order to view more content on screen at once

                  Explanatory Notes

                  Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

                  More Resources

                  Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

                  • the original print PDF of the as enacted version that was used for the print copy
                  • lists of changes made by and/or affecting this legislation item
                  • confers power and blanket amendment details
                  • all formats of all associated documents
                  • correction slips
                  • links to related legislation and further information resources

                  Timeline of Changes

                  This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

                  More Resources

                  Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

                  • the original print PDF of the as enacted version that was used for the print copy
                  • correction slips

                  Click 'View More' or select 'More Resources' tab for additional information including:

                  • lists of changes made by and/or affecting this legislation item
                  • confers power and blanket amendment details
                  • all formats of all associated documents
                  • links to related legislation and further information resources

                  All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.

                  © Crown and database right