On 19 July 2022, the UK Department for Business, Energy & Industrial Strategy ("BEIS") published new market guidance notes in relation to the National Security and Investment Act 2021 (the "NSIA"). BEIS' market guidance notes provide acquirers and their legal representatives with advice on practical matters when preparing filings as well as answering some commonly raised questions based on its review of filings submitted over the first six months of the NSIA regime. For key insights from the first quarter of the regime, see our blogpost on BEIS' recent Annual Report. BEIS emphasises that gaps in the information provided will likely lead to delay BEIS requests notifying parties to provide as much information as
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