National Security and Investment Act 2021: what changes can the market expect?

In November 2023 the government initiated a call for evidence on how the regime set out in the National Security and Investment Act 2021 (NSIA 2021) was working in practice. The government’s aim is to fine-tune the regime to enable it to be more business friendly while maintaining and honing the national security protections particularly in light of the deterioration in global stability in recent years. The call for evidence ran until 15 January 2024 and in April 2024 the government published its response to the feedback it received from the market. In its response the government set out changes it intends to implement as well as areas for further consideration. These include two areas of particular interest to lenders: (i) automatic enforcement provisions and (ii) Scots law share pledges. However all updates...