The National Security and Investment Act 2021 allows the government to scrutinise and intervene in certain acquisitions made by anyone, including businesses and investors, that could harm the UK’s national security. Subject to certain criteria, you are legally required to tell the government about acquisitions of certain entities in 17 sensitive areas of the economy (called ‘notifiable acquisitions’). The 17 areas of the economy are:
If an entity you are acquiring performs a certain activity, it could put you in scope of the National Security and Investment Act 2021and you may be legally required to tell the government about it, using a process known as a ‘mandatory notification’.
