Response to NARs Consultation

The CLLS Competition Law Committee responded to the Cabinet Office’s consultation on proposed changes to the National Security and Investment Act (Notifiable Acquisition) (Specification of Qualifying Entities) Regulations 2021.

The Committee welcomes the Cabinet Office's aim to clarify some of the mandatory sector
definitions covered by the Consultation.

The Committee notes that the number of transactions reviewed under the NSI Act remains high. In the most recent reporting year (1 April 2024 – 31 March 2025, "FY2024-2025"), the ISU received a total of 1,143 notifications. This figure reflects a steadily increasing trend, rising from 906 notifications in the previous reporting year and 865 in the reporting year before that. 

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