New investment screening regime will be operational on 4 January 2022
04 Jan 2022
The British Government set the date of the commencement of the National Security and Investment Act for 4 January 2022. The new legislation is a major amendment of foreign investment screening mechanism in the United Kingdom. Additionally, a regulatory guidance was published to facilitate the transition into a new regime.
Finally, the Goverment designated 17 sensitive sectors in which investment is subject to prior approval. These include: Advanced Materials, Advanced Robotics, Artificial Intelligence, Civil Nuclear, Communications, Computing Hardware, Critical Suppliers to Government, Cryptographic Authentication, Data Infrastructure, Defence, Energy, Military and Dual-Use, Quantum Technologies, Satellite and Space Technologies, Suppliers to the Emergency Services, Synthetic Biology, and Transport.
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Type:
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Entry and establishment (Ownership and control, Approval and admission)
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Entry and establishment (Ownership and control, Approval and admission)
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Industry:
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Manufacturing (Manufacture of basic pharmaceutical products and pharmaceutical preparations, Manufacture of computer, electronic and optical products, and electrical equipment)
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Services (Electricity, gas, steam and air conditioning supply, Transportation and storage, Telecommunications, Computer programming, consultancy and related activities, Scientific research and development, Other professional, scientific and technical activities, Administrative and support service activities, Public administration and defence; compulsory social security, Other service activities)
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