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Notification Requirements United Kingdom

Cooley LLP

UK Government Publishes Response to Call for Evidence on National Security and Investment Regime

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On 18 April 2024, the UK government published the response to its call for evidence consultation on the functioning, scope and performance of the UK National Security and Investment (NSI) Act. Please refer to our November...more

Akin Gump Strauss Hauer & Feld LLP

Updates to the UK National Security and Investment Act in These Dangerous and Uncertain Times

Key Points - On Thursday, the UK government announced its intention to improve the workings of the NSIA, “ in these dangerous and uncertain times [when] our economy is increasingly the target for our adversaries.” In November...more

Paul Hastings LLP

AIFMD Refresher: Deal Notifications & Anti-Asset Stripping Rules

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The AIFMD contains numerous ongoing obligations that apply to sponsors and funds long after fundraising has completed. As part of our AIFMD refresher series, this article summarises one of the key AIFMD ongoing requirements...more

Wilson Sonsini Goodrich & Rosati

BEIS Blocks First Transaction Under the UK’s National Security and Investment Act

On July 20, 2022, the Secretary of State for the Department for Business, Energy, and Industrial Strategy (BEIS) within the UK government published a final order blocking a proposed licensing arrangement between the...more

White & Case LLP

BEIS starts to bite: a look at the first NSIA prohibition and BEIS’ new NSIA guidance

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On 20 July 2022, the Secretary of State for Business, Energy and Industrial Strategy issued the first prohibition under the National Security and Investment Act 2021. We consider the lessons learned from this milestone and...more

Hogan Lovells

Blocked: UK Government uses new powers to block deal raising national

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The UK Government this week prohibited the acquisition of intellectual property owned by University of Manchester by a Chinese company – marking the first time the UK Government has exercised its powers to block a transaction...more

Alston & Bird

UK Government Publishes First Annual Report on New UK National Security & Investment Regime

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The UK’s version of the United States’ Committee for Foreign Investment in the United States went into effect January 2022. Our International Trade & Regulatory Group and London competition team summarise key facts,...more

Hogan Lovells

National Security and Investment Regime Goes Live

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The National Security and Investment (NSI) regime has gone fully live in the UK this week. Get up to speed on how it will impact your acquisitions and investments. Deals in a broad range of sectors may face scrutiny and...more

Hogan Lovells

National Security and Investment Act: Nearly time for curtains up

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There are just over two months to go until the National Security and Investment (NSI) regime goes fully live in the UK – now is the time to ensure you are up to speed on how it will impact your acquisitions and investments. ...more

Morgan Lewis

UK National Security and Investment Act Comes into Force on 4 January 2022

Morgan Lewis on

The UK government announced on 20 July that the National Security and Investment Act will enter into force on 4 January 2022. This act introduces mandatory filings for certain investments raising national security concerns,...more

K2 Integrity

The United Kingdom, Germany, and Canada Unveil Updates to Investment Screening Regimes

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The United Kingdom, Canada, and Germany have unveiled updates to their foreign investment screening regimes to improve each country’s ability to address foreign investments involving critical technology. These updates will...more

BCLP

UK National Security & Investment Act: compulsory filing regime to take effect from 4 January 2022

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The UK Government on 20 July 2021 published further details on the UK’s new investment screening regime, the National Security & Investment Act - confirming that mandatory filings and pre-completion approvals will be required...more

Cadwalader, Wickersham & Taft LLP

The UK’s National Security & Investment Act

The newly enacted National Security and Investment Act 2021 (the “Act”) introduces a broad regime enabling the Government to intervene in M&A transactions on the grounds of national security. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Provides Greater Clarity on New National Security Screening Rules

On 2 March 2021, the UK government published its response to a consultation on the sectors of the economy which are to be subject to mandatory notification under the new inward investment regime to be introduced by the...more

Proskauer Rose LLP

UK Short Selling Notification Threshold Reduced to 0.1% and to Apply to Both Regulated Markets and MTFs...

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On 6 January 2021, the HM Treasury published the Short Selling (Notification Thresholds) Regulations 2021 (the “Regulations”). The FCA has updated its webpage on the notification and disclosure of net short positions to...more

White & Case LLP

UK outlines its plans for wide-ranging new investment review powers

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The UK has published a draft of its new National Security and Investment Bill, together with explanatory notes, heralding the introduction of a new regime for reviewing investments in the UK. The new regime would introduce,...more

Proskauer Rose LLP

CFIUS-UK? UK Government Announces New Foreign Investment Measures

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On 11 November 2020, the UK Government announced its long-awaited and far-reaching proposed reforms to its existing powers to scrutinise foreign investment in the UK, especially in relation to sectors deemed to be...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Introduces New Regime for Screening Foreign Direct Investment

The UK government’s long-awaited National Security and Investment Bill (the Bill), which paves the way to significant changes in the UK’s regime for screening foreign investment, was laid before Parliament on 11 November...more

Akin Gump Strauss Hauer & Feld LLP

Protecting the Crown Jewels: U.K. Introduces Expansive National Security & Investment Bill

1. Summary The United Kingdom (U.K.) government published the National Security and Investment Bill (“NSI Bill” or “Bill”) on November 11, 2020, the aim of which is to strengthen the government’s powers to scrutinize and...more

McDermott Will & Emery

New Criminal Obligations on UK Employers and Employees

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On 24 September 2020, the Government updated its COVID-secure workplace guidance to require office workers who can work “effectively” from home to do so over the winter. Where an employer, in consultation with its employee,...more

Cozen O'Connor

Bipartisan Bill Would Regulate Automated COVID-19 Contact Tracing Technology

Cozen O'Connor on

A new federal COVID-19 data privacy bill with bipartisan support, the Exposure Notification Privacy Act, would have a substantially narrower scope of application than two previous partisan draft COVID-19 privacy laws. The...more

Dechert LLP

COVID-19 Coronavirus Business Impact: ICO Confirms Approach to Data Protection Enforcement

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The Information Commissioner’s Office (ICO), the UK’s data protection supervisory authority, has recently issued guidance outlining its approach to the enforcement of data protection obligations during the COVID-19 pandemic....more

Akin Gump Strauss Hauer & Feld LLP

UK Regulators Issue Statements on the Impact of COVID-19 on the Senior Managers and Certification Regime

On 3 April 2020, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) (together the “Regulators”) issued statements regarding changes to the Senior Managers and Certification Regime for both dual...more

Akin Gump Strauss Hauer & Feld LLP

A Change in FCA Process for Submitting Net Short Position Notifications

On 25 February 2020, the UK Financial Conduct Authority (FCA) updated its process for the notification and disclosure of net short positions under the European Union Short Selling Regulation (SSR). To be able to submit a...more

Sheppard Mullin Richter & Hampton LLP

UK ICO Fines Parenting Club £400,000 Over Breach Involving PII of Mothers and Babies

The ICO first began its examination of Bounty UK Ltd. (a support club for parents) when the ICO was investigating the data brokerage industry generally, of which it viewed Bounty as taking part (given that it shared member...more

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