National Security

(asked on 11th January 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government (1) how many referrals have been received, and (2) what is the average wait time for processing cases, following the implementation of the National Security and Investment Act 2021.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 25th January 2022

The National Security and Investment Act 2021 commenced on 4 January 2022 and represents the biggest shake-up of the UK’s investment screening regime in 20 years, while keeping the country firmly open for business.

The Act requires the Government to publish an annual report setting out information about the numbers and types of trigger events that it has been notified about and those it subsequently called in for a national security assessment. The first annual report will be published later in 2022, after the conclusion of the financial year.

We have ensured that we have the people, the technology and the processes we need so that the Investment Security Unit is as effective and efficient as possible.

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