Giles D. Warrington

May 31, 2024 | pinsentmasons.com | Giles D. Warrington |Paul Williams

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’.