18 Voluntary notification procedure
National Security and Investment Act 2021 (2021 c 25) | Legislation

Voluntary notification of trigger event

18  Voluntary notification procedure

(1)     This section does not apply in relation to—

(a)     arrangements which would result in a notifiable acquisition,

(b)     a trigger event that is, or includes, a notifiable acquisition.

(2)     A seller, acquirer or the qualifying entity concerned may give a notice to the Secretary of State stating that —

(a)     a trigger event has taken place in relation to a qualifying entity or a qualifying asset, or

(b)     arrangements are in progress or contemplation which, if carried into effect, will result in a trigger event taking place in relation to a qualifying entity

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