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1402066

registered interest
date	11/01/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	National Security
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government (1) how many referrals have been received, and (2) what is the average wait time for processing cases, following the implementation of the National Security and Investment Act 2021.
tabling member printed	Lord Fox
uin	HL5309
answer	answer is ministerial correction date of answer 25/01/2022 answer text <p>The National Security and Investment Act 2021 commenced on 4 January 2022 and represents the biggest shake-up of the UK’s investment screening regime in 20 years, while keeping the country firmly open for business.</p><p> </p><p>The Act requires the Government to publish an annual report setting out information about the numbers and types of trigger events that it has been notified about and those it subsequently called in for a national security assessment. The first annual report will be published later in 2022, after the conclusion of the financial year.</p><p> </p><p>We have ensured that we have the people, the technology and the processes we need so that the Investment Security Unit is as effective and efficient as possible.</p> answering member printed Lord Callanan grouped question UIN HL5308 HL5310 question first answered 25/01/2022 16:41:15 answering member 4336 label Biography information for Lord Callanan
tabling member	4322 label Biography information for Lord Fox

1402067

registered interest
date	11/01/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	National Security
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many referrals have been called in to date following the implementation of the National Security and Investment Act 2021.
tabling member printed	Lord Fox
uin	HL5310
answer	answer is ministerial correction date of answer 25/01/2022 answer text <p>The National Security and Investment Act 2021 commenced on 4 January 2022 and represents the biggest shake-up of the UK’s investment screening regime in 20 years, while keeping the country firmly open for business.</p><p> </p><p>The Act requires the Government to publish an annual report setting out information about the numbers and types of trigger events that it has been notified about and those it subsequently called in for a national security assessment. The first annual report will be published later in 2022, after the conclusion of the financial year.</p><p> </p><p>We have ensured that we have the people, the technology and the processes we need so that the Investment Security Unit is as effective and efficient as possible.</p> answering member printed Lord Callanan grouped question UIN HL5308 HL5309 question first answered 25/01/2022 16:41:15 answering member 4336 label Biography information for Lord Callanan
tabling member	4322 label Biography information for Lord Fox