Last week the government published new guidance on “notifiable” acquisitions under the National Security and Investment Act 2021 (NSI). This welcome guidance sets out the types of relevant activities in each of the 17 sensitive areas of the economy (listed below) which will trigger a mandatory notification to government on a proposed acquisition or investment.
|Advanced Materials||Advanced Robotics||Artificial Intelligence||Civil Nuclear||Communications||Computing Hardware|
|Critical Suppliers to Government||Cryptographic Authentication||Data Infrastructure||Defence||Energy||Military and Dual-Use|
|Quantum Technologies||Satellite and Space Technologies||Suppliers to the Emergency Services||Synthetic Biology||Transport|
Guidance on how to register for the online notification form service and complete notification forms remains to be "published closer to full commencement".