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The UK Government provides greater clarity on new national security screening rules to be introduced by the national security and investment bill

On 2 March 2021, the UK government published its response to a consultation on the sectors of the economy which are to be subject to mandatory notification under the new inward investment regime to be introduced by the National Security and Investment Bill (the Bill), which is currently before Parliament. The Bill introduces a new regime empowering the government to scrutinise and intervene in transactions on the grounds of national security. In particular, the Bill provides for a mandatory notification and preapproval requirement for certain sectors of the economy to which national security concerns are considered most likely to be relevant. These sectors are: Advanced Materials Advanced Robotics Artificial Intelligence Civil Nuclear Communications Computing Hardware Critical

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (London)
  • Skadden, Arps, Slate, Meagher & Flom (London)
  • Skadden, Arps, Slate, Meagher & Flom (London)
  • Skadden, Arps, Slate, Meagher & Flom (London)
  • Skadden, Arps, Slate, Meagher & Flom (London)

Quotation

Max Edwards, Jason Hewitt, John Adebiyi, Scott C. Hopkins, Aurora Luoma, The UK Government provides greater clarity on new national security screening rules to be introduced by the national security and investment bill, 2 March 2021, e-Competitions April 2021 - II, Art. N° 99587

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