UK to scrap new foreign takeover prevention rules - reports

Elliot Gulliver-Needham
clock • 1 min read

The UK government is reportedly set to scale back its powers to scrutinise and block foreign takeovers, less than two years after they were introduced. In an interview with the FT, deputy prime minister Oliver Dowden said he would be launching a nine-week consultation today (13 November) aimed at "narrowing and refining" the National Security and Investment Act. The powers were introduced in January 2022 to allow the government to address security concerns around foreign takeovers of companies with national significance. The act requires the mandatory notification of proposed acqui...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?