The National Security and Investment Act
The National Security and Investment (NSI) Act will be fully coming into force on the 4th January 2022. Press Release here
The Department for Business, Energy and Industrial Strategy (BEIS) has published guidance to assist businesses, investors and advisors in understanding and meeting the requirements of the NSI Act ahead of its commencement.
The guidance is as follows:
- NSI Act Overview: prepare for new rules about acquisitions which could harm the UK’s national security
- How the National Security and Investment Act could affect people or acquisitions outside the uk
- The National Security and Investment Act alongside regulatory requirements
- NSI Guidance for the Higher Education and Research-Intensive sectors
For a link to the Act and other relevant documents please click here
Notifiable Acquisition Regulations
BEIS has also published a draft of notifiable acquisition regulations in the 17 sensitive areas of the economy: https://www.gov.uk/government/publications/national-security-and-investment-act-draft-notifiable-acquisition-statutory-instrument
Guidance on these regulations will be published in the autumn.
Section 3 Statement consultation
The Section 3 Statement, which sets out the expected use of the call-in power, was published for consultation on 20th July and BEIS would be interested in receiving responses from you, your members, and your contacts. This consultation closes at 11:45pm on 30 August 2021.
You can access the consultation here: https://www.gov.uk/government/consultations/national-security-and-investment-act-2021-statement-on-the-use-of-the-power-to-call-in-acquisitions
Please send any queries to: [email protected]
Fred is responsible for techUK's activities across the Defence and National Security sectors, working to provide members with access to key stakeholders across the Defence and National Security community. Before taking on the role of Associate Director for Defence and National Security, Fred joined techUK in 2018, working as the Programme Head for Defence at techUK, leading the organisation's engagement with the Ministry of Defence. Before joining techUK, he worked at ADS, the national trade association representing Aerospace, Defence, Security & Space companies in the UK.
Fred is responsible for techUK’s market engagement and policy development activities across the Defence and National Security sectors, working closely with various organisations within the Ministry of Defence, and across the wider National Security and Intelligence community. Fred works closely with many techUK member companies that have an interest in these sectors, and is responsible for the activities of techUK's senior Defence & Security Board. Working closely with techUK's Programme Head for Cyber Security, Fred oversees a broad range of activities for techUK members.
Outside of work, Fred's interests include football (a Watford FC fan) and skiing.
- [email protected]
- 07985 234 170
Freddie MacSwiney is the Programme Manager for Defence and Cyber Security at techUK.
Prior to joining techUK, Freddie worked as a Political Adviser for a boutique Public Affairs firm in Westminster where he briefed politicians in Westminster from issues such as finacial services, medicinal cannabis, to private litigation work. He also advised Foreign Governments and their leaders on key issues and aligned them with the UK on those key matters. He also worked directly with a peer in the House of Lords overseeing a regular roundtable on Fintech and Financial Inclusion.
Freddie holds a BA (Hons) Degree in History of Art from Oxford Brookes University.
As Head of Policy Neil leads techUK's domestic policy development. He regularly engages with UK and Devolved Government Ministers, senior civil servants and Members of the UK’s Parliaments with the aim of supporting government and industry to work together to make the UK the best place to start, scale and develop technology companies.
Neil joined techUK in 2019 to lead on techUK’s engagement in the UK-EU Brexit trade deal negotiations, as well as leading on economic policy.
He has a background in the UK Parliament and in social research. Neil holds a masters degree in Comparative Public Policy from the University of Edinburgh and an undergraduate degree in International Politics from City, University of London.