{"id":44056,"date":"2021-11-17T11:46:05","date_gmt":"2021-11-17T11:46:05","guid":{"rendered":"https:\/\/www.threatshub.org\/blog\/uk-government-publishes-guidance-on-security-rules-for-tech-takeovers\/"},"modified":"2021-11-17T11:46:05","modified_gmt":"2021-11-17T11:46:05","slug":"uk-government-publishes-guidance-on-security-rules-for-tech-takeovers","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/uk-government-publishes-guidance-on-security-rules-for-tech-takeovers\/","title":{"rendered":"UK government publishes guidance on security rules for tech takeovers"},"content":{"rendered":"

The UK government has published guidance describing what technologies may be caught within the National Security and Investment Act 2021, which is set to give ministers the power to halt mergers and acquisitions.<\/p>\n

The legislation, due to come into force in January, gives the government leeway to scrutinise buyouts and investments, impose certain conditions on an acquisition or, if necessary, unwind or block it. The statement issued this week, did, however say it expects to do this rarely, while the “vast majority” of\u202fdeals will be able to proceed without delay.<\/p>\n

The issue of technologies considered important to national security has become relevant to the tech sector in recent months, as stories about chip plant ownership<\/a> and advanced materials hit the news. In the new guidance, the government said it wanted businesses and investors\u202fto get ready for the changes\u202fin the law. It wants them to assess whether the government must be notified of an acquisition and understand what they are to expect when they go\u202fthrough the notification and assessment process.<\/p>\n