BEAMSTART Logo

UK’s Arm-twisting confirms critics’ worst deal-vetting fears

Financial Times LogoFinancial Times6d ago

UK’s Arm-twisting confirms critics’ worst deal-vetting fears

Quick Summary

While the Treasury has separately said it wants the power to block listings in the UK on national security grounds, the NS&I rules don’t explicitly cover where businesses choose to list.

But using the National Security and Investment Act, which came into force in January, to scrutinise the listing of a Japanese-owned business on a US exchange would be a stretch, to put it mildly.

That included highlights such as — it will not be used “to interfere arbitrarily with investment” and that it exists “solely to safeguard the UK’s national security and not to promote any other objectives”.


More Pictures


or

Article Details

Author / Journalist: Helen Thomas

Category: MarketsFinanceInvesting

Topics: Financial Legislation National Security Process Industrial Listing Economic Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 03:00:14

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 827 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 7207

Load More

About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 10 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

Load More

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.