The National Security and Investment Act, passed by Parliament in May 2021, gave the UK Government new powers to scrutinise and intervene in investments and business transactions, both foreign and domestic, where necessary to protect national security.

The BIA worked with Government, parliamentarians and members to ensure the regime works in the interest of British businesses, and that the concerns that many life science companies had about the new measures were properly understood and addressed by the Government.

The BIA has produced a resource hub for members to better understand their obligations under the new law and to answer key questions about the regime, found here. To read more about our involvement during the development of the National Security and Investment regime, and how we have worked to protect the life science sector from potential negative impact, click below.

Resources from the BIA

BIA NSI webinar

BIA: Sector Definitions Consultation Submission


External Resources

UK Government: National Security and Investment Act 2021

UK Government: statement on the use of powers to call in acquisitions

UK Government: NSI Commencement Date Announcement

UK Government: Overview of the National Security and Investment Bill factsheet

UK Government: The National Security and Investment Regime: process for businesses factsheet

UK Government: Prepare for new rules about acquisitions

UK Government: Sector definitions statutory instrument

UK Government: NSI and people or acquisitions outside of the UK

UK Government: NSI alongside regulatory requirements

UK Government: Higher education and research-intensive sectors

Covington & Burling LLP: briefing paper on the National Security and Investment Bill