Commons Sense

House of Commons · Written Ministerial Statement

NSI Annual Report

16 June 2022 · Department for Business, Energy and Industrial Strategy

Proposed by Kwasi Kwarteng Con Spelthorne

Parliamentary Procedure

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

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At a glance

Key points

  • The statement addresses the first Annual Report of the National Security and Investment Act 2021
  • The report outlines progress and effectiveness of the new national security system for investment as of March 31, 2022
  • Kwasi Kwarteng is laying the report before Parliament, fulfilling requirements under section 61 of the Act

Issue summary

The statement addresses the first Annual Report of the National Security and Investment Act 2021.

Action requested

I am laying before Parliament the first NSI Act Annual Report, fulfilling my requirements under section 61 of the Act. This report outlines the progress and effectiveness of the new national security system for investment as of March 31, 2022.

Key facts

  • The National Security and Investment Act 2021 commenced on January 4, 2022.
  • As of March 31, the Investment Security Unit received 222 notifications and accepted 201 of them.
  • I issued 17 call-in notices as of March 31.
  • All cleared notifications were processed within the statutory 30 working day limit.
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