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Update on the National Security and Investment Act 2021
22 July 2025
Type
Written Ministerial Statement
Department
Cabinet Office
At a Glance
Issue Summary
The statement is about reforms to the National Security and Investment Act 2021 to reduce business burdens while maintaining security.
Action Requested
Pat McFadden announces intentions to remove certain notification requirements, launch a consultation on proposed updates to the Notifiable Acquisition Regulations, publish the 2024-25 Annual Report, and plan further guidance based on stakeholder feedback. Secondary legislation will be brought to Parliament in due course.
Key Facts
- Intends to remove notification requirements for certain internal reorganisations and appointments.
- Launching a 12-week consultation on updates to the Notifiable Acquisition Regulations (NARs).
- Published the 2024-25 Annual Report fulfilling section 61 of the NSI Act.
- Of the 1,079 notifications reviewed, 95.5% were cleared and 4.5% called in.
- 17 final orders issued and 5 called-in acquisitions withdrawn.
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Assessment & feedback
Summary accuracy