Clause 8 - Control of entities

Part of National Security and Investment Bill – in a Public Bill Committee at 4:30 pm on 1 December 2020.

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Photo of Graham Brady Graham Brady Chair, Conservative Party 1922 Committee 4:30, 1 December 2020

With this it will be convenient to discuss amendment 8, in clause 8, page 6, line 38, at end insert—

“(10) The fifth case is where the acquisition involves changes to material influence in industries critical to the UK’s capability and capacity to maintain national security, including economic security.”

This amendment would mean that any acquisition which involves changes to material influence in industries critical to national security would count as a person gaining control of a qualifying entity.