Updated guidance on UK national security regime provides greater clarity for businesses – OUT-LAW.com

Posted May 31st, 2024 in codes of practice, company law, intelligence services, news by michael

‘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”.’

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OUT-LAW.com, 31st May 2024

Source: www.pinsentmasons.com