UK Act of Parliament
2021
United Kingdom
National Security and Investment Act 2021
At a glance
Enforced by
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 23 other Schedules — structural / supplementary
(1) An individual, A, is connected with another individual, B,...
(1) Two or more persons who share a common purpose...
(1) In this Schedule “arrangement” includes— (a) any scheme, agreement...
(1) If interests or rights held by a person and...
(1) An interest or right held indirectly by a person...
An interest held by a person as nominee for another...
(1) Where a person controls a right, the right is...
(1) Rights that are exercisable by a person only in...
Rights attached to shares held by way of security provided...
Two or more persons who are connected with each other...
(1) Two or more undertakings are connected if they are...
The Enterprise Act 2002 is amended in accordance with paragraphs...
In paragraph 20(1) of Schedule 8 (national security) omit “(within...
In consequence of the preceding paragraphs, the following are revoked—...
(1) Section 23 (relevant merger situations) is amended as follows....
Omit section 23A.
In section 35(7) (questions to be decided in relation to...
In section 36(6) (questions to be decided in relation to...
In section 48(3) (cases where references or certain questions need...
In section 58 (specified considerations), omit subsections (1) and (2)....
In section 59 (intervention by Secretary of State in special...
In section 153 (specified considerations), omit subsection (2).
Browse 66 other sections — procedural / definitional / commencement
Call-in notice for national security purposes
Further provision about call-in notices
Statement about exercise of call-in power
Consultation and parliamentary procedure
Meaning of “trigger event” and “acquirer”
Notifiable acquisitions
Qualifying entities and assets
Control of entities
Control of assets
Holding and acquiring interests and rights: supplementary
Exceptions relating to control of assets
Trigger events: supplementary
Approval of notifiable acquisition
Mandatory notification procedure
Requirement to consider retrospective validation without application
Application for retrospective validation of notifiable acquisition
Retrospective validation of notifiable acquisition following call-in
Voluntary notification procedure
Power to require information
Attendance of witnesses
Information notices and attendance notices: persons outside the UK
False or misleading information
Meaning of “assessment period”
Effect of information notice and attendance notice
Interim orders
Final orders and final notifications
Review, variation and revocation of orders
Orders: supplementary
Publication of notice of final order
Financial assistance
Interaction with CMA functions under Part 3 of Enterprise Act 2002
Offence of completing notifiable acquisition without approval
Offence of failing to comply with order
Offences: information and attendance of witnesses
Offences in relation to sharing information
Offences by bodies corporate etc
Prosecution
Proceedings against partnerships etc
Offences: penalties
Power to impose monetary penalties
Permitted maximum penalties
Review, variation and revocation of monetary penalties
Monetary penalties: criminal proceedings and convictions
Recovering penalties
Monetary penalties: cost recovery
Review, variation and revocation of cost recovery notice
Enforcement of cost recovery notice
Enforcement through civil proceedings
Procedure for judicial review of certain decisions
Appeals against monetary penalties
Appeals against costs
Extra-territorial application and jurisdiction to try offences
Procedure for service, etc
Disclosure of information
Disclosure of information held by HMRC
Duty of CMA to provide information and assistance
Data protection
Minor and consequential amendments and revocations
Overseas information disclosure
Defamation
Annual report
Transitional and saving provision in relation to the Enterprise Act 2002
Regulations under this Act
Financial provision
Interpretation
Short title, commencement and extent
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Panel on Takeovers and Mergers
Regulates takeovers and mergers involving public companies and some private companies in the UK. Issues the Takeover Code. Ensures shareholders are treated …
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Regulators
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