Question to the Cabinet Office:

To ask the Minister for the Cabinet Office, whether the Government has amended its risk assessment criteria for foreign-state linked acquisition companies under the National Security and Investment Act since 5 July 2024.

Transparency is a crucial part of the National Security and Investment (NSI) Act 2021, whilst also balancing commercial and national security considerations.

Information related to publication of final orders is available on GOV.UK. The government also publishes annual reports to provide information about the transactions that it has been notified about and those it subsequently called in for a national security assessment.

Extensive guidance is available on GOV.UK to help those interested understand how they may be affected by the Act, including the NSI Section 3 Statement, which sets out how the government expects to exercise its call-in power under the NSI regime.

Decisions made under the Act may be subject to judicial review.

By providing businesses and investors with legally defined timelines and processes for decisions on acquisitions, the Act seeks to protect the UK’s national security whilst giving businesses the certainty they need to invest and help to grow the economy.

We keep the NSI Act under regular review to ensure it is working effectively.