These Regulations specify the description of a qualifying entity, the acquisition of which will constitute a notifiable acquisition. The National Security and Investment Act 2021 provides that a notifiable acquisition takes place when a person gains control of a qualifying entity of a specified description, and these Regulations specify descriptions of qualifying entities in 17 areas of the economy in which national security risks are more likely to arise than in the wider economy. These 17 areas are:
These 17 areas of the UK economy have been identified as ones where the mandatory notification should apply to particular acquisitions as national security risks are more likely to arise in these areas than in the wider economy. These 17 areas include advanced technologies and some Critical National Infrastructure (CNI).
