National Security, Geopolitics and Corporate Finance
The National Security and Investment Act 2021 strengthens the government’s powers to call in and scrutinise transactions on grounds of national security. The legislation commenced on 4 January 2022. The ‘call-in power’ may be used in relation to transactions that took place on or after 12 November 2020
Other jurisdictions with similar legislation include the US, Canada, Japan, France, Germany and Australia.
National Security and Investment Act becomes Law
UK Government guidance and information
David Petrie, ICAEW Head of Corporate Finance, gives evidence to the National Security and Investment Bill Committee (24 November 2020)
ICAEW's engagement with UK Government
ICAEW and its Corporate Finance Faculty have been in consultation with the UK government at all levels, including ministerial, since 2017 with the aim of encouraging a regulatory approach that promotes economic growth and increased business investment as well as more security.
Related conferences, forums and roundtables
|National Security and Investment Act - implications for businesses, investors and corporate finance||1 December 2021||Recorded event at Chartered Accountants' Hall, London|
|John Fingleton in conversation with David Petrie about the National Security & Investment Bill||18 March 2021||Recorded online event|
|David Petrie, ICAEW’s Head of Corporate Finance, speaks about the National Security & Investment Bill at The M&A Practitioners’ Summit||24 February 2021||About the summit|
|David Petrie, ICAEW’s Head of Corporate Finance, participated in UK M&A in a Post-COVID World (organised by ICAEW North West)||4 February 2021||Recorded online event|
|Outlook for M&A, Private Equity and Capital Markets – doing deals in new times||2 December 2020||Recorded online forum|
|Geopolitics and Global M&A Forum - Chatham House, London||25 May 2019||Reported: page 5, Corporate Financier, July/August 2019|
|National Security Investment Review - ICAEW BEIS Roundtable||3 October 2018||Reported: page 5, Corporate Financier, November 2018|