Commons Sense

House of Commons · Written Ministerial Statement

Action 19 of the Economic Crime Plan

11 November 2020 · Treasury

Proposed by John Glen Con Salisbury

EconomyForeign Affairs

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The Treasury is considering a government power to block listings on UK financial markets due to national security concerns.
  • The Government plans to introduce this precautionary power alongside the National Security and Investment Bill.
  • A consultation will be launched in early 2021 to inform the design of the proposed power.

Issue summary

The Treasury is considering a government power to block listings on UK financial markets based on national security concerns.

Action requested

The Government intends to introduce a precautionary power to block listings on national security grounds alongside the introduction of the National Security and Investment (NS&I) Bill. A consultation will be launched in early 2021 to inform the design of this power.

Key facts

  • The Treasury completed work on considering a Government power to block listings based on national security concerns.
  • Companies from around the world are attracted to UK financial markets due to their depth, breadth, and openness.
  • A consultation will be launched in early 2021 to inform the design of the precautionary power.
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