The UK Competition Authority updates its guidance as the National Security and Investment Act enters into force

The UK’s new National Security and Investment Act (“NSIA”) entered into force on January 4, 2022. The NSIA marks a considerable change in the UK’s investment screening powers and adds to an increasingly complex European and global landscape of investment regulation (or FDI) filings necessary for the execution of M&A and other transactions. The Act is accompanied by new machinery of Government – the Investment Security Unit (“ISU”), which also became fully operational on January 4. Sitting within the Department of Business, Energy and Industrial Strategy (“BEIS”), the ISU is the single point of contact for businesses wishing to understand the Act and/or to notify the government about acquisitions. It will receive NSIA filings and function as the central organising hub for the investment

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Covington & Burling (London)
  • Covington & Burling (London)
  • Covington & Burling (London)

Quotation

James Marshall, Katherine Kingsbury, Thomas Reilly, The UK Competition Authority updates its guidance as the National Security and Investment Act enters into force, 7 January 2022, e-Competitions January 2022, Art. N° 104613

Visites 268

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues