The publication of the Fifth Annual Report takes place against the backdrop of new reforms expected to be made to the UK’s foreign investment review regime in order to reduce regulatory burdens whilst also adapting to new national security concerns. In brief On 14 July 2026, the UK Cabinet Office published its Fifth Annual Report (“Annual Report”) on the operation of the National Security and Investment Act (“NSI Act”), the legislation underpinning the UK’s foreign…
In brief On 22 July 2025, the UK Cabinet Office made three major announcements relating to the National Security and Investment Act (“NSI Act”), which embodies the UK’s foreign direct investment (“FDI”) screening process. Firstly, the UK Government confirmed its intention to create exemptions to the NSI Act regime for certain types of internal reorganisations. Secondly, it launched a planned consultation on a raft of proposed changes to the notifiable sectors, including the introduction of…