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Action 19 of the Economic Crime Plan

11 November 2020

Proposing MP
John Glen Con
Salisbury
Type
Written Ministerial Statement
Department
Treasury
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At a Glance

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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