New national security laws come into effect

The UK’s new national security regime comes into effect today.

Under the National Security and Investment Act, the government will be able to intervene in acquisitions it deems potentially harmful to the UK’s national security.

The NSI Act requires businesses and investors to notify the government of acquisitions across 17 sensitive areas of the economy, including AI and civil nuclear.

Business Secretary Kwasi Kwarteng said: “The new investment screening process in place from today is simple and quick, giving investors and firms the certainty they need to do business, and giving everyone in the UK the peace of mind that their security remains our number one priority.”

The 17 areas are:

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

Full guidance for businesses on the new rules can be found here: https://www.gov.uk/government/collections/national-security-and-investment-act

    Share Story:

YOU MIGHT ALSO LIKE


Cyber risk in the transportation industry
The connected nature of the transport and logistics industries makes them an attractive target for hackers, with potentially disruptive and costly consequences. Between June 2020 and June 2021, the transportation industry saw an 186% increase in weekly ransomware attacks. At the same time, regulations and cyber security standards are lacking – creating weak postures across the board. This podcast explores the key risks. Published April 2022.

Political risk: A fresh perspective
CIR’s editor, Deborah Ritchie speaks with head of PCS at Verisk, Tom Johansmeyer about the confluence of political, nat cat and pandemic risks in a world that is becoming an increasingly risky place in which to do business. Published February 2022.