‘The updated guidance on the NSI Act comes after calls to “fine tune” the NSI regime following a consultation. It aims to provide more clarity to businesses, institutions, and their advisors while protecting national security. The updates include a new “section 3 statement” that better explains how the UK government plans to exercise powers under the NSI Act to call-in certain acquisitions for scrutiny and updated “Market Guidance”.’
OUT-LAW.com, 31st May 2024
Source: www.pinsentmasons.com
