Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what powers he has to (a) direct the delisting of firms from UK stock exchanges, (b) ban investment in firms, (c) prohibit trading in shares of a firm, (d) ban or restrict exports of a firm, (e) ban categories of imports, (f) revoke trading licences on national security grounds and (g) prohibit transport, processing or sale of categories of data outside the UK.
Business activities including listing and trading in shares, investment and acquisitions, imports and exports, and data processing are subject to a range of legal and regulatory requirements. Some of these are the responsibility of the Secretary of State for Business, Energy and Industrial Strategy and others are the responsibility of other ministers. Where these requirements are not met, the Government stands ready to use appropriate compliance measures and enforcement powers.