United Kingdom: National Security & Investment Law including notification and pre-clearance requirements for data infrastructure transactions
Progress
Scope
Timeline of events
UK National Security and Investment Bill enters into force
On 4 January 2022, the National Security and Investment Act (NSI) enters into force after its adoption on 29 April 2021. The NSI aims to expand the state’s powers to oversee transactions that could have the potential of threatening national security…
SourceUK National Security and Investment Bill receives Royal Assent
On 29 April 2021, the UK National Security and Investment (NSI) Bill has received Royal Assent which means that the adopted provision will be enforced from 4 January 2022 onwards. The act replaces the public interest merger regime from the Enterpris…
SourceAdoption of UK National Security and Investment Bill introducing notification and pre-clearance for foreign direct investment in data infrastructure and AI
On 28 April 2021, the UK Parliament adopts the National Security & Investment Law, which introduces mandatory notification obligations for foreign investments in 17 areas, including data infrastructure and Artificial Intelligence. Transactions subje…
SourceIntroduction of the National Security and Investment Act
On 11 November 2020, the UK government published the National Security and Investment Act, which aims to expand the state’s powers to oversee transactions that could have the potential of threatening national security. Such transactions also include…
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