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”.

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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:

Language: English

Reading Time: 5 minutes read

Article Length: 827 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 7207

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News Last Updated: 8h ago

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