Commons Sense

House of Commons · Written Ministerial Statement

National Security & Investment Act - Annual Report

10 September 2024 · Cabinet Office

Proposed by Pat McFadden Lab Wolverhampton South East

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

View on Parliament.uk

At a glance

Key points

  • The statement covers the Annual Report on the National Security and Investment (NSI) Act 2021 for the period April 2023 to March 2024.
  • The report is being laid before Parliament as required by section 61 of the NSI Act.
  • The report includes new details on calendar days taken at each stage of the process for added transparency.

Issue summary

The statement covers the Annual Report on the National Security and Investment (NSI) Act 2021 for the period April 2023 to March 2024.

Action requested

The report is being laid before Parliament as required by section 61 of the NSI Act, with a copy also published on GOV.UK. It includes new details on calendar days taken at each stage of the process for added transparency.

Key facts

  • The vast majority (95.6%) of notified acquisitions were cleared to proceed within 30 working days.
  • Of the 847 notifications reviewed, only 4.4% were issued with a call-in notice and underwent further assessment.
  • Five final orders were issued and ten called in acquisitions were withdrawn before a decision was made.
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