The UK government has made a significant upgrade to investment screening, for national security purposes. The National Security and Investment Act (NSI) ensures predictability and transparency, while mitigating any risks to national security.
The new system will come fully into force on Tuesday 4 January 2022.
Businesses and investors are encouraged to get ready for the changes, with new guidance published this week. Businesses can contact the Department for Business, Energy and Industrial Strategy (BEIS) via email with any queries.
In December, BEIS will be running an awareness session to help SMEs learn about the new rules. Further details will be confirmed shortly.