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Great Investor Insights: The National Security and Investment Act (NSIA) - a date is set

The UK’s strengthened national security regime will commence on 4 January 2022. From that date there will be a dramatic expansion of the UK Government’s ability to scrutinise investments. This will include a power for the UK Government to “call in” transactions that completed on or after 12 November 2020 in certain circumstances.
Ultimately, the Government will be able to impose conditions on an acquisition falling under the jurisdiction of the NSIA or, if necessary, unwind completed acquisitions or block anticipated deals. Any acquisition requiring mandatory notification and completed without approval will be regarded as legally void in the UK.