National Security and Investment Act 2021

May 4, 2021

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<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-1"><num>PART 1</num><heading>Call-in for national security</heading><chapter eId="part-1-chapter-1"><num>CHAPTER 1</num><heading>Call-in power</heading><se

<chapter xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="part-1-chapter-1"><num>CHAPTER 1</num><heading>Call-in power</heading><section eId="section-1"><num>1</num><heading>Call-in notice for national security purposes</heading><subsection eId="section-1-1"><num>(1)</num><intro>The

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1"><num>1</num><heading>Call-in notice for national security purposes</heading><subsection eId="section-1-1"><num>(1)</num><intro>The Secretary of State may give a notice if the Secretary of State reasonably suspects t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-1"><num>(1)</num><intro>The Secretary of State may give a notice if the Secretary of State reasonably suspects that—</intro><level class="para1" eId="section-1-1-a"><num>(a)</num><content>a trigger event ha

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-1-1-a"><num>(a)</num><content>a trigger event has taken place in relation to a qualifying entity or qualifying asset, and the event has given rise to or may give rise to a risk to national security, or<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-1-1-b"><num>(b)</num><content>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 or qualifying asset,

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-2"><num>(2)</num><content>For the purposes of this Act, in considering whether a trigger event has taken place, or whether arrangements are in progress or contemplation which, if carried into effect, will result i

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-3"><num>(3)</num><content>A notice under subsection (1) is referred to in this Act as a call-in notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-4"><num>(4)</num><intro>If the Secretary of State decides to give a call-in notice, the notice must be given to—</intro><level class="para1" eId="section-1-4-a"><num>(a)</num><content>the acquirer,</con

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-1-4-a"><num>(a)</num><content>the acquirer,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-1-4-b"><num>(b)</num><content>if the trigger event relates to a qualifying entity, the entity, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-1-4-c"><num>(c)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-5"><num>(5)</num><content>The call-in notice must include a description of the trigger event to which it relates and state the names of the persons to whom the notice is given.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-6"><num>(6)</num><content>The Secretary of State may not give a call-in notice unless a statement has been published (and not withdrawn) for the purposes of section 3.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-7"><num>(7)</num><content>The Secretary of State must have regard to that statement before giving a call-in notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-8"><num>(8)</num><content>But nothing in the statement limits the power to give a call-in notice.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2"><num>2</num><heading>Further provision about call-in notices</heading><subsection eId="section-2-1"><num>(1)</num><content>No more than one call-in notice may be given in relation to each trigger event.</content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-1"><num>(1)</num><content>No more than one call-in notice may be given in relation to each trigger event.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-2"><num>(2)</num><intro>Subject to subsections (3) and (4), a call-in notice given on the grounds mentioned in section 1(1)(a)—</intro><level class="para1" eId="section-2-2-a"><num>(a)</num><content>may not

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-2-a"><num>(a)</num><content>may not be given after the end of the period of 6 months beginning with the day on which the Secretary of State became aware of the trigger event, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-2-b"><num>(b)</num><content>may not be given after the end of the period of 5 years beginning with the day on which the trigger event took place.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-3"><num>(3)</num><content>Subsection (2)(b) does not apply where the trigger event is one in relation to which section 13(1) has effect.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-4"><num>(4)</num><intro>In relation to a trigger event taking place during the period beginning with 12 November 2020 and ending with the day before commencement day, a call-in notice given on the grounds mentione

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-4-a"><num>(a)</num><content>if the Secretary of State became aware of the trigger event before commencement day, may not be given after the end of the period of 6 months beginning with commencement day,</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-4-b"><num>(b)</num><intro>if the Secretary of State became aware of the trigger event on or after commencement day—</intro><level class="para2" eId="section-2-4-b-i"><num>(i)</num><content>may not

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-2-4-b-i"><num>(i)</num><content>may not be given after the end of the period of 6 months beginning with the day on which the Secretary of State became aware of the trigger event, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-2-4-b-ii"><num>(ii)</num><content>may not be given after the end of the period of 5 years beginning with commencement day.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-5"><num>(5)</num><content>In this section “<term refersTo="#term-commencement-day" eId="term-commencement-day">commencement day</term>” means the day on which this section comes into force.</content></subsect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-6"><num>(6)</num><content>This section is subject to section 22 (and see section 62).</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3"><num>3</num><heading>Statement about exercise of call-in power</heading><subsection eId="section-3-1"><num>(1)</num><content>The Secretary of State may publish a statement for the purposes of this section if the req

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-1"><num>(1)</num><content>The Secretary of State may publish a statement for the purposes of this section if the requirements set out in section 4(1) are satisfied.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-2"><num>(2)</num><content>The statement is a statement prepared by the Secretary of State that sets out how the Secretary of State expects to exercise the power to give a call-in notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-3"><num>(3)</num><intro>The statement may include, in particular—</intro><level class="para1" eId="section-3-3-a"><num>(a)</num><content>details of sectors of the economy in relation to which the Secretary

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-a"><num>(a)</num><content>details of sectors of the economy in relation to which the Secretary of State considers that trigger events are more likely to give rise to a risk to national security,</co

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-b"><num>(b)</num><content>details of the trigger events, qualifying entities and qualifying assets in relation to which the Secretary of State expects to exercise the power to give a call-in notice, and

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-c"><num>(c)</num><content>details of factors that the Secretary of State expects to take into account when deciding whether or not to exercise the power.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-4"><num>(4)</num><content>The Secretary of State must review a statement published under this section at least once every 5 years.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-5"><num>(5)</num><content>A statement published under this section may be amended or replaced by a subsequent statement, and this section and section 4 apply in relation to any amended or replacement statement as

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-6"><num>(6)</num><content>Nothing in a statement published under this section affects the power of the Secretary of State to make notifiable acquisition regulations (see section 6).</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4"><num>4</num><heading>Consultation and parliamentary procedure</heading><subsection eId="section-4-1"><num>(1)</num><intro>Before the Secretary of State may publish a statement for the purposes of section 3 the Secre

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-1"><num>(1)</num><intro>Before the Secretary of State may publish a statement for the purposes of section 3 the Secretary of State must—</intro><level class="para1" eId="section-4-1-a"><num>(a)</num><content><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-a"><num>(a)</num><content>carry out such consultation as the Secretary of State thinks appropriate in relation to a draft of the statement,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-b"><num>(b)</num><content>make any changes to the draft that appear to the Secretary of State to be necessary in view of the responses to the consultation, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-c"><num>(c)</num><content>lay the statement before Parliament.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-2"><num>(2)</num><content>Either House of Parliament may at any time before the expiry of the 40-day period resolve not to approve the statement.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-3"><num>(3)</num><content>If either House of Parliament resolves not to approve the statement under subsection (2), the Secretary of State must withdraw the statement.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-4"><num>(4)</num><content>Any such resolution under subsection (2) does not affect the validity of a call-in notice given following the publication of the statement prior to its withdrawal, and does not affect the

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-5"><num>(5)</num><content>“The 40-day period” is the period of 40 days beginning with the day on which the statement is laid before Parliament (or, if it is not laid before each House of Parliament on the same day

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-6"><num>(6)</num><content>When calculating the 40-day period, ignore any period during which Parliament is dissolved or prorogued or during which both Houses are adjourned for more than 4 days.</content></subs

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-7"><num>(7)</num><content>The requirements in subsection (1)(a) and (b) may be met by consultation carried out before this section comes into force.</content></subsection>

<chapter xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="part-1-chapter-2"><num>CHAPTER 2</num><heading>Interpretation</heading><section eId="section-5"><num>5</num><heading>Meaning of “trigger event” and “acquirer”</heading><subsection eId="section-5-1"><num>(1)</num><intro>For t

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5"><num>5</num><heading>Meaning of “trigger event” and “acquirer”</heading><subsection eId="section-5-1"><num>(1)</num><intro>For the purposes of this Act, a “trigger event” takes place when—</intro><level class

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-1"><num>(1)</num><intro>For the purposes of this Act, a “trigger event” takes place when—</intro><level class="para1" eId="section-5-1-a"><num>(a)</num><content>a person gains control of a qualifying entit

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-5-1-a"><num>(a)</num><content>a person gains control of a qualifying entity, as set out in section 8, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-5-1-b"><num>(b)</num><content>a person gains control of a qualifying asset, as set out in section 9.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-2"><num>(2)</num><content>In this Act “<term refersTo="#term-acquirer" eId="term-acquirer">acquirer</term>” means the person who gains the control referred to in subsection (1) (or in relation to a trigger event

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6"><num>6</num><heading>Notifiable acquisitions</heading><subsection eId="section-6-1"><num>(1)</num><content>The Secretary of State may make regulations for the purposes of this section (“<term refersTo="#term-notifia

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-1"><num>(1)</num><content>The Secretary of State may make regulations for the purposes of this section (“<term refersTo="#term-notifiable-acquisition-regulations" eId="term-notifiable-acquisition-regulations">noti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-2"><num>(2)</num><content>A notifiable acquisition takes place when a person gains control, by virtue of one or more of the cases described in subsection (2), (5) or (6) of section 8, of a qualifying entity of a s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-3"><num>(3)</num><content>But a notifiable acquisition does not take place if complying with the requirement to give a mandatory notice under section 14(1) would be impossible for the person within subsection (2).

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-4"><num>(4)</num><content>A description of qualifying entity that is specified must include provision that the entity carries on activities in the United Kingdom which are of a specified description (whether or no

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-5"><num>(5)</num><intro>Notifiable acquisition regulations may—</intro><level class="para1" eId="section-6-5-a"><num>(a)</num><content>amend this section in relation to the circumstances in which a notifiab

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-a"><num>(a)</num><content>amend this section in relation to the circumstances in which a notifiable acquisition takes place or does not take place,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-b"><num>(b)</num><content>make provision for exemptions by reference to the characteristics of the person within subsection (2),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-c"><num>(c)</num><content>make consequential amendments of other provisions of this Act.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-6"><num>(6)</num><content>Notifiable acquisition regulations may by virtue of subsection (5)(a) include, in particular, provision about the circumstances in which the gaining of control of a qualifying asset of a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-7"><num>(7)</num><content>A description specified under subsection (6) may only include qualifying assets within section 7(6) if it includes provision that any such asset is used in connection with activities carr

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-8"><num>(8)</num><content>In this section “<term refersTo="#term-specified" eId="term-specified">specified</term>” means specified in notifiable acquisition regulations.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7"><num>7</num><heading>Qualifying entities and assets</heading><subsection eId="section-7-1"><num>(1)</num><content>This section defines “qualifying entity” and “<term refersTo="#term-qualifying-asset" eId="term-qua

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-1"><num>(1)</num><content>This section defines “qualifying entity” and “<term refersTo="#term-qualifying-asset" eId="term-qualifying-asset">qualifying asset</term>” for the purposes of this Act.</content></s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-2"><num>(2)</num><content>A “qualifying entity” is (subject to subsection (3)) any entity, whether or not a legal person, that is not an individual, and includes a company, a limited liability partnership, any ot

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-3"><num>(3)</num><intro>An entity which is formed or recognised under the law of a country or territory outside the United Kingdom is a “qualifying entity” only if it—</intro><level class="para1" eId="section

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-3-a"><num>(a)</num><content>carries on activities in the United Kingdom, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-3-b"><num>(b)</num><content>supplies goods or services to persons in the United Kingdom.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-4"><num>(4)</num><intro>A “qualifying asset” is (subject to subsection (6)) an asset of any of the following types—</intro><level class="para1" eId="section-7-4-a"><num>(a)</num><content>land,</content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-4-b"><num>(b)</num><content>tangible (or, in Scotland, corporeal) moveable property,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-4-c"><num>(c)</num><content>ideas, information or techniques which have industrial, commercial or other economic value.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-5"><num>(5)</num><intro>Examples of assets within subsection (4)(c) include—</intro><level class="para1" eId="section-7-5-a"><num>(a)</num><content>trade secrets,</content></level><level class="para1" e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-a"><num>(a)</num><content>trade secrets,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-b"><num>(b)</num><content>databases,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-c"><num>(c)</num><content>source code,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-d"><num>(d)</num><content>algorithms,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-e"><num>(e)</num><content>formulae,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-f"><num>(f)</num><content>designs,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-g"><num>(g)</num><content>plans, drawings and specifications,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-h"><num>(h)</num><content>software.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-6"><num>(6)</num><intro>Land or moveable property situated outside the United Kingdom or the territorial sea, or any asset within subsection (4)(c), is a “qualifying asset” only if it is used in connection with—<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-6-a"><num>(a)</num><content>activities carried on in the United Kingdom, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-6-b"><num>(b)</num><content>the supply of goods or services to persons in the United Kingdom.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8"><num>8</num><heading>Control of entities</heading><subsection eId="section-8-1"><num>(1)</num><content>For the purposes of this Act, a person gains control of a qualifying entity if the person acquires a right or in

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-1"><num>(1)</num><content>For the purposes of this Act, a person gains control of a qualifying entity if the person acquires a right or interest in, or in relation to, the entity and as a result one or more of the

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-2"><num>(2)</num><intro>The first case is where the percentage of the shares that the person holds in the entity increases—</intro><level class="para1" eId="section-8-2-a"><num>(a)</num><content>from 25% or

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-3"><num>(3)</num><intro>In subsection (2), the reference to holding a percentage of shares is—</intro><level class="para1" eId="section-8-3-a"><num>(a)</num><content>in the case of an entity that has a shar

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-3-a"><num>(a)</num><content>in the case of an entity that has a share capital, to holding shares comprised in the issued share capital of the entity of a nominal value (in aggregate) of that percentage of

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-3-b"><num>(b)</num><content>in the case of an entity that does not have a share capital, to holding a right to a share of that percentage of the capital or profits of the entity,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-3-c"><num>(c)</num><content>in the case of a limited liability partnership, to holding a right to a share of that percentage of any surplus assets of the partnership on a winding up.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-4"><num>(4)</num><content>For the purposes of subsection (3)(c), to the extent that rights to share in any surplus assets of the limited liability partnership on a winding up are not expressly provided for, each m

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-5"><num>(5)</num><intro>The second case is where the percentage of the voting rights that the person holds in the entity increases—</intro><level class="para1" eId="section-8-5-a"><num>(a)</num><content>fro

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-6"><num>(6)</num><content>The third case is where the acquisition is of voting rights in the entity that (whether alone or together with other voting rights held by the person) enable the person to secure or preve

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-7"><num>(7)</num><intro>In subsections (5) and (6), a reference to the voting rights in an entity is—</intro><level class="para1" eId="section-8-7-a"><num>(a)</num><content>in the case of an entity that has

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-7-a"><num>(a)</num><content>in the case of an entity that has a share capital, to the rights conferred on shareholders in respect of their shares to vote at general meetings of the entity on all or substa

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-7-b"><num>(b)</num><content>in the case of an entity that does not have a share capital, to the rights conferred on members to vote at general meetings of the entity on all or substantially all matters,</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-8"><num>(8)</num><content>The fourth case is (subject to subsection (9)) where the acquisition, whether alone or together with other interests or rights held by the person, enables the person materially to influen

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-9"><num>(9)</num><content>Subsection (8) does not include a case where the person already holds any interest or right that enables the person materially to influence the policy of the entity.</content></subsec

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9"><num>9</num><heading>Control of assets</heading><subsection eId="section-9-1"><num>(1)</num><intro>For the purposes of this Act, a person gains control of a qualifying asset if the person acquires a right or interes

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-1"><num>(1)</num><intro>For the purposes of this Act, a person gains control of a qualifying asset if the person acquires a right or interest in, or in relation to, the asset and as a result the person is able—</p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-1-a"><num>(a)</num><content>to use the asset, or use it to a greater extent than prior to the acquisition, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-1-b"><num>(b)</num><content>to direct or control how the asset is used, or direct or control how it is used to a greater extent than prior to the acquisition.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-2"><num>(2)</num><content>In this section, references to the use of an asset include references to its exploitation, alteration, manipulation, disposal or destruction.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10"><num>10</num><heading>Holding and acquiring interests and rights: supplementary</heading><subsection eId="section-10-1"><num>(1)</num><content>Schedule 1 provides for particular cases in which a person is to be tre

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-1"><num>(1)</num><content>Schedule 1 provides for particular cases in which a person is to be treated for the purposes of this Act as holding an interest or right.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-2"><num>(2)</num><intro>A person is to be treated for the purposes of this Act as acquiring an interest or right (to the extent that the person would not otherwise be regarded as doing so) where—</intro><leve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-2-a"><num>(a)</num><content>the interest or right becomes treated as held by the person by virtue of Schedule 1, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-2-b"><num>(b)</num><content>the person is already treated as holding the interest or right by virtue of that Schedule and something occurs in relation to the interest or right which would be regarded as

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11"><num>11</num><heading>Exceptions relating to control of assets</heading><subsection eId="section-11-1"><num>(1)</num><content>For the purposes of this Act a person is not to be regarded as gaining control of a qual

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-1"><num>(1)</num><content>For the purposes of this Act a person is not to be regarded as gaining control of a qualifying asset by reason of an acquisition made by an individual for purposes that are wholly or mai

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-2"><num>(2)</num><intro>Subsection (1) does not apply in relation to an asset that—</intro><level class="para1" eId="section-11-2-a"><num>(a)</num><content>is land, or</content></level><level class="pa

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-2-b"><num>(b)</num><intro>falls within any of the following (as it has effect from time to time)—</intro><level class="para2" eId="section-11-2-b-i"><num>(i)</num><content>the Schedule to the Expo

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-11-2-b-i"><num>(i)</num><content>the Schedule to the Export of Radioactive Sources (Control) Order 2006 (S.I. 2006/1846),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-11-2-b-ii"><num>(ii)</num><content>article 4A of, or Schedule 2 or 3 to, the Export Control Order 2008 (S.I. 2008/3231),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-11-2-b-iii"><num>(iii)</num><content>Annex I or IV to Council Regulation <ref eId="c00001" href="http://www.legislation.gov.uk/european/regulation/2009/0428">(EC) No 428/2009</ref> of 5 May 2009,</conte

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-11-2-b-iv"><num>(iv)</num><content>Annex I to Regulation (EU) No 258/2012 of the European Parliament and of the Council of 14 March 2012,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-11-2-b-v"><num>(v)</num><content>Annex II or III to Regulation (EU) 2019/125 of the European Parliament and of the Council of 1 January 2019.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-3"><num>(3)</num><intro>The Secretary of State may by regulations—</intro><level class="para1" eId="section-11-3-a"><num>(a)</num><content>amend subsection (2) so as to add, vary or remove any asset or des

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-3-a"><num>(a)</num><content>amend subsection (2) so as to add, vary or remove any asset or description of asset,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-3-b"><num>(b)</num><content>prescribe other circumstances, or descriptions of circumstances, in which a person is not to be regarded for the purposes of this Act as gaining control of a qualifying asset.

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12"><num>12</num><heading>Trigger events: supplementary</heading><subsection eId="section-12-1"><num>(1)</num><content>If a trigger event takes place over a period of more than one day, or if it is unclear when during

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-1"><num>(1)</num><content>If a trigger event takes place over a period of more than one day, or if it is unclear when during a period of more than one day the event has taken place, it is treated for the purposes

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-2"><num>(2)</num><content>Subsections (3) and (4) apply if a person enters into an agreement or arrangement that enables the person (contingently or not) to do something in the future that would result in a trigg

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-3"><num>(3)</num><content>For the purposes of this Act, entering into the agreement or arrangement does not necessarily establish that arrangements are in progress or contemplation which, if carried into effect,

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-4"><num>(4)</num><content>The question of whether such arrangements are in progress or contemplation (at the time of entry into the agreement or arrangement or subsequently) is to be determined by reference to al

<chapter xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="part-1-chapter-3"><num>CHAPTER 3</num><heading>Approval of notifiable acquisition</heading><section eId="section-13"><num>13</num><heading>Approval of notifiable acquisition</heading><subsection eId="section-13-1"><num>(1)</num><

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13"><num>13</num><heading>Approval of notifiable acquisition</heading><subsection eId="section-13-1"><num>(1)</num><content>A notifiable acquisition that is completed without the approval of the Secretary of State is v

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-1"><num>(1)</num><content>A notifiable acquisition that is completed without the approval of the Secretary of State is void.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-2"><num>(2)</num><intro>The Secretary of State may approve a notifiable acquisition by—</intro><level class="para1" eId="section-13-2-a"><num>(a)</num><content>giving a notification under section 14(8)(b)(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-2-a"><num>(a)</num><content>giving a notification under section 14(8)(b)(ii),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-2-b"><num>(b)</num><content>making a final order under section 26, subject to subsection (3),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-2-c"><num>(c)</num><content>giving a final notification under section 26.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-3"><num>(3)</num><content>A notifiable acquisition, in relation to which a final order has been made, that is completed otherwise than in accordance with the final order, is void.</content></subsection>

<chapter xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-1-chapter-4"><num>CHAPTER 4</num><heading>Procedure</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-chapter-4-crossheading-procedure-in-

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-chapter-4-crossheading-procedure-in-respect-of-notifiable-acquisition"><heading>Procedure in respect of notifiabl

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14"><num>14</num><heading>Mandatory notification procedure</heading><subsection eId="section-14-1"><num>(1)</num><content>Subject to subsection (2), a person must give notice to the Secretary of State before the person

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-1"><num>(1)</num><content>Subject to subsection (2), a person must give notice to the Secretary of State before the person, pursuant to a notifiable acquisition, gains control in circumstances falling within sect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-2"><num>(2)</num><content>Subsection (1) does not apply if the Secretary of State has already given a call-in notice, which has not been revoked, in relation to the proposed notifiable acquisition.</content><

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-3"><num>(3)</num><content>A notice under subsection (1) is referred to in this Act as a mandatory notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-4"><num>(4)</num><content>The Secretary of State may by regulations prescribe the form and content of a mandatory notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-5"><num>(5)</num><content>As soon as reasonably practicable after receiving a mandatory notice, the Secretary of State must decide whether to reject or accept the notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-6"><num>(6)</num><intro>The Secretary of State may reject the mandatory notice on one or more of the following grounds—</intro><level class="para1" eId="section-14-6-a"><num>(a)</num><content>it does not m

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-14-6-a"><num>(a)</num><content>it does not meet the requirements of this section,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-14-6-b"><num>(b)</num><content>it does not meet the requirements prescribed by the regulations,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-14-6-c"><num>(c)</num><content>it does not contain sufficient information to allow the Secretary of State to decide whether to give a call-in notice in relation to the proposed notifiable acquisition.</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-7"><num>(7)</num><content>If the mandatory notice is rejected, the Secretary of State must, as soon as practicable, provide reasons in writing for that decision to the person who gave the notice.</content></s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-8"><num>(8)</num><intro>If the mandatory notice is accepted, the Secretary of State must—</intro><level class="para1" eId="section-14-8-a"><num>(a)</num><content>as soon as practicable, notify each relevan

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-14-8-a"><num>(a)</num><content>as soon as practicable, notify each relevant person, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-14-8-b"><num>(b)</num><intro>before the end of the review period—</intro><level class="para2" eId="section-14-8-b-i"><num>(i)</num><content>give a call-in notice in relation to the proposed notifiabl

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-14-8-b-i"><num>(i)</num><content>give a call-in notice in relation to the proposed notifiable acquisition, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-14-8-b-ii"><num>(ii)</num><content>notify each relevant person that no further action will be taken under this Act in relation to the proposed notifiable acquisition.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-9"><num>(9)</num><content>The “review period” is the period of 30 working days beginning with the day on which the notification under subsection (8)(a) is given to the person who gave the mandatory notice.</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-10"><num>(10)</num><content>In this section “<term refersTo="#term-relevant-person" eId="term-relevant-person">relevant person</term>” means the person who gave the mandatory notice and such other persons as the

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15"><num>15</num><heading>Requirement to consider retrospective validation without application</heading><subsection eId="section-15-1"><num>(1)</num><content>This section and section 16 apply to a notifiable acquisitio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-1"><num>(1)</num><content>This section and section 16 apply to a notifiable acquisition that is completed without the approval of the Secretary of State and, accordingly, is void (see section 13(1)).</content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-2"><num>(2)</num><intro>The Secretary of State must, before the end of the period of 6 months beginning with the day on which the Secretary of State becomes aware of the notifiable acquisition—</intro><level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-a"><num>(a)</num><content>give a call-in notice in relation to the acquisition, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-b"><num>(b)</num><content>give a validation notice in relation to the acquisition to each relevant person and notify those persons that no further action will be taken under this Act in relation to the

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-3"><num>(3)</num><content>The effect of a validation notice given under this section or section 16 or 17, is that the notifiable acquisition to which it relates is to be treated as having been completed with the

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-4"><num>(4)</num><intro>In this section “<term refersTo="#term-relevant-person" eId="term-relevant-person">relevant person</term>” means—</intro><level class="para1" eId="section-15-4-a"><num>(a)</num><conte

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-4-a"><num>(a)</num><content>the person who was required to give a mandatory notice to the Secretary of State in relation to the acquisition (see section 14(1)), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-4-b"><num>(b)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16"><num>16</num><heading>Application for retrospective validation of notifiable acquisition</heading><subsection eId="section-16-1"><num>(1)</num><content>Any person materially affected by the fact that a notifiable a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-1"><num>(1)</num><content>Any person materially affected by the fact that a notifiable acquisition to which this section applies (see section 15(1)) is void, may apply to the Secretary of State for a validation n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-2"><num>(2)</num><content>An application under subsection (1) is referred to in this Act as a validation application.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-3"><num>(3)</num><content>The Secretary of State may by regulations prescribe the form and content of a validation application.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-4"><num>(4)</num><content>Subject to subsection (8), as soon as reasonably practicable after receiving a validation application, the Secretary of State must decide whether to reject or accept the application.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-5"><num>(5)</num><intro>The Secretary of State may reject the application on one or more of the following grounds—</intro><level class="para1" eId="section-16-5-a"><num>(a)</num><content>it does not meet t

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-5-a"><num>(a)</num><content>it does not meet the requirements of this section,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-5-b"><num>(b)</num><content>it does not meet the requirements prescribed by the regulations,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-5-c"><num>(c)</num><content>it does not contain sufficient information to allow the Secretary of State to decide whether to give a call-in notice in relation to the acquisition.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-6"><num>(6)</num><content>If the application is rejected, the Secretary of State must, as soon as practicable, provide reasons in writing for that decision to the person who made the application.</content></s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-7"><num>(7)</num><intro>If the application is accepted, the Secretary of State must—</intro><level class="para1" eId="section-16-7-a"><num>(a)</num><content>as soon as practicable, notify each relevant per

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-7-a"><num>(a)</num><content>as soon as practicable, notify each relevant person, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-7-b"><num>(b)</num><intro>before the end of the review period—</intro><level class="para2" eId="section-16-7-b-i"><num>(i)</num><content>give a call-in notice in relation to the acquisition, or</p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-16-7-b-i"><num>(i)</num><content>give a call-in notice in relation to the acquisition, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-16-7-b-ii"><num>(ii)</num><content>give a validation notice in relation to the acquisition to each relevant person and notify those persons that no further action will be taken under this Act in relation to

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-8"><num>(8)</num><content>The Secretary of State is not required to consider a validation application in relation to an acquisition if, in the opinion of the Secretary of State, there has been no material change

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-9"><num>(9)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-relevant-person" eId="term-relevant-person">relevant person</term>” means the person who made t

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><intro>“officer of a body”—</intro><level class="para1"><num>(a)</num><content>in relation to a body corporate, means a director, member of the committee of management, chief executive, manager, secretar

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>the “review period” is the period of 30 working days beginning with the day on which the notification under subsection <ref href="#section-16-7-a">(7)(a)</ref> is given to the person who made the valid

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17"><num>17</num><heading>Retrospective validation of notifiable acquisition following call-in</heading><subsection eId="section-17-1"><num>(1)</num><intro>This section applies where the Secretary of State has given a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-1"><num>(1)</num><intro>This section applies where the Secretary of State has given a call-in notice pursuant to—</intro><level class="para1" eId="section-17-1-a"><num>(a)</num><content>subsection (2)(a) o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-1-a"><num>(a)</num><content>subsection (2)(a) of section 15, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-1-b"><num>(b)</num><content>subsection (7)(b)(i) of section 16,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-2"><num>(2)</num><content>If the Secretary of State gives a final notification in relation to the call-in notice, the Secretary of State must also give a validation notice in relation to the acquisition.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-3"><num>(3)</num><intro>A validation notice under this section must be given to—</intro><level class="para1" eId="section-17-3-a"><num>(a)</num><content>each person to whom the final notification is given,

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-a"><num>(a)</num><content>each person to whom the final notification is given,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-b"><num>(b)</num><content>the person (if any) who made an application in relation to the acquisition under section 16, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-c"><num>(c)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-4"><num>(4)</num><content>Subsection (5) applies if the Secretary of State makes a final order in relation to the call-in notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-5"><num>(5)</num><content>So much of the notifiable acquisition as would, had it been completed after the making of the final order, have been completed in accordance with the order is to be treated as having bee

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-chapter-4-crossheading-voluntary-notification-of-trigger-event"><heading>Voluntary notification of trigger event<

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18"><num>18</num><heading>Voluntary notification procedure</heading><subsection eId="section-18-1"><num>(1)</num><intro>This section does not apply in relation to—</intro><level class="para1" eId="section-18-1-a"><

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-1"><num>(1)</num><intro>This section does not apply in relation to—</intro><level class="para1" eId="section-18-1-a"><num>(a)</num><content>arrangements which would result in a notifiable acquisition,<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-1-a"><num>(a)</num><content>arrangements which would result in a notifiable acquisition,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-1-b"><num>(b)</num><content>a trigger event that is, or includes, a notifiable acquisition.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-2"><num>(2)</num><intro>A seller, acquirer or the qualifying entity concerned may give a notice to the Secretary of State stating that —</intro><level class="para1" eId="section-18-2-a"><num>(a)</num><content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-2-a"><num>(a)</num><content>a trigger event has taken place in relation to a qualifying entity or a qualifying asset, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-2-b"><num>(b)</num><content>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 or a qualifying ass

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-3"><num>(3)</num><content>A notice under subsection (2) is referred to in this Act as a voluntary notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-4"><num>(4)</num><content>The Secretary of State may by regulations prescribe the form and content of a voluntary notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-5"><num>(5)</num><content>As soon as reasonably practicable after receiving the voluntary notice, the Secretary of State must decide whether to reject or accept the notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-6"><num>(6)</num><intro>The Secretary of State may reject the voluntary notice on one or more of the following grounds—</intro><level class="para1" eId="section-18-6-a"><num>(a)</num><content>it does not m

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-6-a"><num>(a)</num><content>it does not meet the requirements of this section,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-6-b"><num>(b)</num><content>it does not meet the requirements prescribed by the regulations,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-6-c"><num>(c)</num><content>it does not contain sufficient information to allow the Secretary of State to decide whether to give a call-in notice,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-6-d"><num>(d)</num><content>there is no reasonable prospect of being able to give a call-in notice due to the operation of the time-limits in subsection (2) or (4) of section 2.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-7"><num>(7)</num><content>If the voluntary notice is rejected, the Secretary of State must, as soon as practicable, provide reasons in writing for that decision to each relevant person.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-8"><num>(8)</num><intro>If the voluntary notice is accepted, the Secretary of State must—</intro><level class="para1" eId="section-18-8-a"><num>(a)</num><content>as soon as practicable, notify each relevan

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-8-a"><num>(a)</num><content>as soon as practicable, notify each relevant person, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-8-b"><num>(b)</num><intro>before the end of the review period—</intro><level class="para2" eId="section-18-8-b-i"><num>(i)</num><content>give a call-in notice in relation to the trigger event, or<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-18-8-b-i"><num>(i)</num><content>give a call-in notice in relation to the trigger event, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-18-8-b-ii"><num>(ii)</num><content>notify each relevant person that no further action will be taken under this Act in relation to the trigger event.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-9"><num>(9)</num><content>The “review period” is the period of 30 working days beginning with the day on which the notification under subsection (8)(a) is given to the person who gave the voluntary notice; but t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-10"><num>(10)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-relevant-person" eId="term-relevant-person">relevant person</term>” means the person who gave

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“relevant person” means the person who gave the voluntary notice and such other persons as the Secretary of State considers appropriate,</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“seller”, in relation to a trigger event, means a person who has ceded control of the qualifying entity or a qualifying asset (or in relation to a trigger event that has not yet taken place, would cede

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-chapter-4-crossheading-information-etc"><heading>Information, etc</heading><section eId="section-19"><num>19<

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19"><num>19</num><heading>Power to require information</heading><subsection eId="section-19-1"><num>(1)</num><intro>The Secretary of State may give a notice to a person (subject to section 21) to require the person to

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-1"><num>(1)</num><intro>The Secretary of State may give a notice to a person (subject to section 21) to require the person to provide any information in relation to the exercise of the Secretary of State's functi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-1-a"><num>(a)</num><content>is specified or described in the notice, or falls within a category of information specified or described in the notice, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-1-b"><num>(b)</num><content>is within that person's possession or power.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-2"><num>(2)</num><content>The Secretary of State is not to require the provision of information under this section except where the requirement to provide information is proportionate to the use to which the info

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-3"><num>(3)</num><content>A notice under subsection (1) is referred to in this Act as an information notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-4"><num>(4)</num><intro>An information notice may—</intro><level class="para1" eId="section-19-4-a"><num>(a)</num><content>specify the manner in which the information is to be provided,</content></leve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-4-a"><num>(a)</num><content>specify the manner in which the information is to be provided,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-4-b"><num>(b)</num><intro>specify a time limit for—</intro><level class="para2" eId="section-19-4-b-i"><num>(i)</num><content>providing the information,</content></level><level class="para2" e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-19-4-b-i"><num>(i)</num><content>providing the information,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-19-4-b-ii"><num>(ii)</num><content>notifying the Secretary of State that the information is not in the person's possession or power, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-4-c"><num>(c)</num><content>require the person to provide any information within their possession or power which would enable the Secretary of State to find the information required by the notice.</c

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-5"><num>(5)</num><intro>An information notice must—</intro><level class="para1" eId="section-19-5-a"><num>(a)</num><content>specify the purpose for which the notice is given, and</content></level><leve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-5-a"><num>(a)</num><content>specify the purpose for which the notice is given, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-5-b"><num>(b)</num><content>state the possible consequences of not complying with the notice.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-6"><num>(6)</num><content>A person is not required under this section to provide any information which that person could not be compelled to provide in evidence in civil proceedings before the court.</content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-7"><num>(7)</num><content>A reference in this section to the provision of information includes a reference to the provision of a legible and intelligible copy of information recorded otherwise than in legible for

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-8"><num>(8)</num><content>A person to whom information is provided under this section may copy the information.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-9"><num>(9)</num><intro>In this section “<term refersTo="#term-the-court" eId="term-the-court">the court</term>” means—</intro><level class="para1" eId="section-19-9-a"><num>(a)</num><content>in relation

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-9-a"><num>(a)</num><content>in relation to England and Wales or Northern Ireland, the High Court,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-9-b"><num>(b)</num><content>in relation to Scotland, the Court of Session, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-9-c"><num>(c)</num><content>in relation to a person outside the United Kingdom, the High Court of England and Wales.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20"><num>20</num><heading>Attendance of witnesses</heading><subsection eId="section-20-1"><num>(1)</num><intro>The Secretary of State may give a notice to a person (subject to section 21) to require the person—</in

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-1"><num>(1)</num><intro>The Secretary of State may give a notice to a person (subject to section 21) to require the person—</intro><level class="para1" eId="section-20-1-a"><num>(a)</num><content>to attend

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-1-a"><num>(a)</num><content>to attend at a time and place specified in the notice, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-1-b"><num>(b)</num><content>to give evidence to the Secretary of State in relation to the exercise of the Secretary of State's functions under this Act.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-2"><num>(2)</num><content>The Secretary of State is not to require the giving of evidence under this section except where the requirement to give evidence is proportionate to the use to which the evidence is to b

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-3"><num>(3)</num><content>A notice under subsection (1) is referred to in this Act as an attendance notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-4"><num>(4)</num><intro>An attendance notice must—</intro><level class="para1" eId="section-20-4-a"><num>(a)</num><content>specify the purpose for which the notice is given, and</content></level><level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-4-a"><num>(a)</num><content>specify the purpose for which the notice is given, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-4-b"><num>(b)</num><content>state the possible consequences of not complying with the notice.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-5"><num>(5)</num><content>A person is not required under this section to give any evidence which that person could not be compelled to give in civil proceedings before the court.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-6"><num>(6)</num><content>A person is not required, in compliance with an attendance notice, to go more than 10 miles from their place of residence unless necessary travelling expenses are paid or offered to that

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-7"><num>(7)</num><intro>In this section “<term refersTo="#term-the-court" eId="term-the-court">the court</term>” means—</intro><level class="para1" eId="section-20-7-a"><num>(a)</num><content>in relation

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-7-a"><num>(a)</num><content>in relation to evidence given in England and Wales or Northern Ireland, the High Court,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-7-b"><num>(b)</num><content>in relation to evidence given in Scotland, the Court of Session, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-7-c"><num>(c)</num><content>in relation to evidence given outside the United Kingdom, the High Court of England and Wales.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21"><num>21</num><heading>Information notices and attendance notices: persons outside the UK</heading><subsection eId="section-21-1"><num>(1)</num><content>The Secretary of State may give an information notice or an at

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-1"><num>(1)</num><content>The Secretary of State may give an information notice or an attendance notice to a person outside the United Kingdom only if the person falls within subsection (2), (3) or (4) of this se

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-2"><num>(2)</num><intro>A person falls within this subsection if the person is—</intro><level class="para1" eId="section-21-2-a"><num>(a)</num><content>a United Kingdom national,</content></level><leve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-2-a"><num>(a)</num><content>a United Kingdom national,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-2-b"><num>(b)</num><content>an individual ordinarily resident in the United Kingdom,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-2-c"><num>(c)</num><content>a body incorporated or constituted under the law of any part of the United Kingdom, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-2-d"><num>(d)</num><content>carrying on business in the United Kingdom.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-3"><num>(3)</num><intro>A person falls within this subsection if—</intro><level class="para1" eId="section-21-3-a"><num>(a)</num><content>a trigger event has taken place in relation to a qualifying entity

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-3-a"><num>(a)</num><content>a trigger event has taken place in relation to a qualifying entity which is formed or recognised under the law of any part of the United Kingdom, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-3-b"><num>(b)</num><content>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 of that description

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-4"><num>(4)</num><intro>A person falls within this subsection if—</intro><level class="para1" eId="section-21-4-a"><num>(a)</num><intro>a trigger event has taken place in relation to a qualifying asset whi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-4-a"><num>(a)</num><intro>a trigger event has taken place in relation to a qualifying asset which —</intro><level class="para2" eId="section-21-4-a-i"><num>(i)</num><content>is within section 7(4)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-21-4-a-i"><num>(i)</num><content>is within section 7(4)(a) or (b) and is situated in the United Kingdom or the territorial sea, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-21-4-a-ii"><num>(ii)</num><content>is within section 7(4)(c) and is used in connection with activities carried on in the United Kingdom, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-4-b"><num>(b)</num><content>arrangements are in progress or contemplation which, if carried into effect, will result in a trigger event taking place in relation to a qualifying asset within paragraph (a)

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22"><num>22</num><heading>False or misleading information</heading><subsection eId="section-22-1"><num>(1)</num><intro>This section applies where false or misleading information is provided to the Secretary of State—</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-1"><num>(1)</num><intro>This section applies where false or misleading information is provided to the Secretary of State—</intro><level class="para1" eId="section-22-1-a"><num>(a)</num><content>in a mandat

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-a"><num>(a)</num><content>in a mandatory notice,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-b"><num>(b)</num><content>in a validation application,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-c"><num>(c)</num><content>in a voluntary notice,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-d"><num>(d)</num><content>in response to an information notice, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-e"><num>(e)</num><content>in response to an attendance notice.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-2"><num>(2)</num><content>Where a decision made by the Secretary of State under this Act is materially affected by the false or misleading information, the Secretary of State may reconsider the decision and may a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-3"><num>(3)</num><content>Where a decision is varied or revoked under this section, the Secretary of State must give notice to that effect to such persons as the Secretary of State considers appropriate.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-4"><num>(4)</num><intro>If a revoked decision was—</intro><level class="para1" eId="section-22-4-a"><num>(a)</num><content>a decision to give a call-in notice,</content></level><level class="para1" eId

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-4-a"><num>(a)</num><content>a decision to give a call-in notice,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-4-b"><num>(b)</num><content>a decision to make or revoke a final order, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-4-c"><num>(c)</num><content>a decision to give a final notification,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-5"><num>(5)</num><content>Where a decision is revoked under this section, the time limits in section 2(2) and (4) do not apply to the case concerned, but a call-in notice (or a further call-in notice) may not be

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-2"><num>PART 2</num><heading>Remedies</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-assessment-period"><heading>As

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-assessment-period"><heading>Assessment period</heading><section eId="section-23"><num>23</num><h

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23"><num>23</num><heading>Meaning of “assessment period”</heading><subsection eId="section-23-1"><num>(1)</num><content>This section defines “<term refersTo="#term-assessment-period" eId="term-assessment-period">asse

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-1"><num>(1)</num><content>This section defines “<term refersTo="#term-assessment-period" eId="term-assessment-period">assessment period</term>” in relation to a call-in notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-2"><num>(2)</num><content>The assessment period begins with the day on which the call-in notice is given to the acquirer.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-3"><num>(3)</num><intro>In this section—</intro><level class="para1" eId="section-23-3-a"><num>(a)</num><content>“the initial period” is the period of 30 working days beginning with the day mentioned in su

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-3-a"><num>(a)</num><content>“the initial period” is the period of 30 working days beginning with the day mentioned in subsection (2),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-3-b"><num>(b)</num><content>“the additional period” is the period of 45 working days beginning with the first working day after the day on which the initial period ends,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-3-c"><num>(c)</num><content>a “voluntary period” is such period of working days, beginning with the first working day after the day on which the additional period (or the previous voluntary period) ends

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-4"><num>(4)</num><content>The assessment period ends at the end of the initial period unless, before the end of the initial period, the Secretary of State gives an additional period notice to each person to whom

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-5"><num>(5)</num><content>If an additional period notice is given, the assessment period ends at the end of the additional period unless, before the end of the additional period, a voluntary period is agreed.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-6"><num>(6)</num><content>If a voluntary period is agreed, the assessment period ends at the end of the voluntary period, or at the end of any further voluntary period which is agreed.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-7"><num>(7)</num><content>The Secretary of State must give notice of any voluntary period, or further voluntary period to each person to whom the call-in notice was given.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-8"><num>(8)</num><intro>An “additional period notice” is a notice which the Secretary of State may give if the Secretary of State—</intro><level class="para1" eId="section-23-8-a"><num>(a)</num><intro>rea

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-8-a"><num>(a)</num><intro>reasonably believes that—</intro><level class="para2" eId="section-23-8-a-i"><num>(i)</num><content>a trigger event has taken place or that arrangements are in progress o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-23-8-a-i"><num>(i)</num><content>a trigger event has taken place or that arrangements are in progress or contemplation which, if carried into effect, will result in a trigger event, and</content></level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-23-8-a-ii"><num>(ii)</num><content>a risk to national security has arisen from the trigger event or would arise from the trigger event if carried into effect, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-8-b"><num>(b)</num><content>reasonably considers that the additional period is required to assess the trigger event further.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-9"><num>(9)</num><intro>A voluntary period or further voluntary period may be agreed by the Secretary of State only if the Secretary of State—</intro><level class="para1" eId="section-23-9-a"><num>(a)</num><i

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-9-a"><num>(a)</num><intro>is satisfied, on the balance of probabilities, that—</intro><level class="para2" eId="section-23-9-a-i"><num>(i)</num><content>a trigger event has taken place or that arr

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-23-9-a-i"><num>(i)</num><content>a trigger event has taken place or that arrangements are in progress or contemplation which, if carried into effect, will result in a trigger event, and</content></level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-23-9-a-ii"><num>(ii)</num><content>a risk to national security has arisen from the trigger event or would arise from the trigger event if carried into effect, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-9-b"><num>(b)</num><content>reasonably considers that the period is required to consider whether to make a final order or what provision a final order should contain.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24"><num>24</num><heading>Effect of information notice and attendance notice</heading><subsection eId="section-24-1"><num>(1)</num><content>This section applies if an information notice or an attendance notice is given

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-1"><num>(1)</num><content>This section applies if an information notice or an attendance notice is given at any time during the assessment period in relation to a call-in notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-2"><num>(2)</num><intro>As soon as practicable after giving the information notice or attendance notice, the Secretary of State must notify each relevant person of—</intro><level class="para1" eId="section-24

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-2-a"><num>(a)</num><content>the fact that an information notice or attendance notice has been given, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-2-b"><num>(b)</num><content>the time limit specified in the notice for complying with the requirements of the notice.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-3"><num>(3)</num><intro>As soon as practicable after—</intro><level class="para1" eId="section-24-3-a"><num>(a)</num><content>the Secretary of State is satisfied that the requirements of the information no

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-3-a"><num>(a)</num><content>the Secretary of State is satisfied that the requirements of the information notice or the attendance notice have been complied with, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-3-b"><num>(b)</num><content>(if earlier) the time specified in the information notice or the attendance notice for complying with those requirements has passed,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-4"><num>(4)</num><content>Any day falling within the period beginning with the day on which the notice under subsection (2) is given and ending with the day on which a notice under subsection (3) is given does no

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-5"><num>(5)</num><content>In this section “<term refersTo="#term-relevant-person" eId="term-relevant-person">relevant person</term>” means each person to whom the call-in notice was given.</content></subsect

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-interim-and-final-orders"><heading>Interim and final orders</heading><section eId="section-25"><

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25"><num>25</num><heading>Interim orders</heading><subsection eId="section-25-1"><num>(1)</num><content>The Secretary of State may, during the assessment period in relation to a call-in notice, make an order if the Sec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-1"><num>(1)</num><content>The Secretary of State may, during the assessment period in relation to a call-in notice, make an order if the Secretary of State reasonably considers that the provisions of the order ar

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-2"><num>(2)</num><content>In subsection (1), “<term refersTo="#term-pre-emptive-action" eId="term-pre-emptive-action">pre-emptive action</term>” means action which might prejudice the exercise of the Secretary o

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-3"><num>(3)</num><content>An order under subsection (1) is referred to in this Act as an “interim order”.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-4"><num>(4)</num><intro>An interim order may include—</intro><level class="para1" eId="section-25-4-a"><num>(a)</num><content>provision requiring a person, or description of person, to do, or not to do, pa

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-4-a"><num>(a)</num><content>provision requiring a person, or description of person, to do, or not to do, particular things,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-4-b"><num>(b)</num><content>provision for the appointment of a person to conduct or supervise the conduct of activities on such terms and with such powers as may be specified or described in the order,</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-4-c"><num>(c)</num><content>provision requiring a person, or description of person, not to disclose the contents of the order except to the extent permitted by the order,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-4-d"><num>(d)</num><content>consequential, supplementary or incidental provision.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-5"><num>(5)</num><intro>Provision made by or under an interim order may extend to a person's conduct outside the United Kingdom or the territorial sea only if the person is—</intro><level class="para1" eId="s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-5-a"><num>(a)</num><content>a United Kingdom national,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-5-b"><num>(b)</num><content>an individual ordinarily resident in the United Kingdom,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-5-c"><num>(c)</num><content>a body incorporated or constituted under the law of any part of the United Kingdom, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-5-d"><num>(d)</num><content>carrying on business in the United Kingdom.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-6"><num>(6)</num><content>An interim order comes into force at such time as is determined by or under the order.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-7"><num>(7)</num><intro>An interim order ceases to have effect at the earliest of—</intro><level class="para1" eId="section-25-7-a"><num>(a)</num><content>the giving of a final notification or the coming i

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-7-a"><num>(a)</num><content>the giving of a final notification or the coming into force of a final order in relation to the call-in notice,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-7-b"><num>(b)</num><content>such time as is determined by or under the order,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-7-c"><num>(c)</num><content>such time as it is revoked.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26"><num>26</num><heading>Final orders and final notifications</heading><subsection eId="section-26-1"><num>(1)</num><intro>The Secretary of State must, before the end of the assessment period in relation to a call-in

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-1"><num>(1)</num><intro>The Secretary of State must, before the end of the assessment period in relation to a call-in notice—</intro><level class="para1" eId="section-26-1-a"><num>(a)</num><content>make a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-1-a"><num>(a)</num><content>make a final order, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-1-b"><num>(b)</num><content>give a final notification to each person to whom the call-in notice was given.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-2"><num>(2)</num><intro>In this section—</intro><level class="para1" eId="section-26-2-a"><num>(a)</num><content>a “final notification” is a notification that no further action in relation to the call-in

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-2-a"><num>(a)</num><content>a “final notification” is a notification that no further action in relation to the call-in notice is to be taken under this Act,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-2-b"><num>(b)</num><content>a “final order” is an order under subsection (3).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-3"><num>(3)</num><intro>The Secretary of State may, during the assessment period, make a final order if the Secretary of State—</intro><level class="para1" eId="section-26-3-a"><num>(a)</num><intro>is sati

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-3-a"><num>(a)</num><intro>is satisfied, on the balance of probabilities, that—</intro><level class="para2" eId="section-26-3-a-i"><num>(i)</num><content>a trigger event has taken place or that arr

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-26-3-a-i"><num>(i)</num><content>a trigger event has taken place or that arrangements are in progress or contemplation which, if carried into effect, will result in a trigger event, and</content></level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-26-3-a-ii"><num>(ii)</num><content>a risk to national security has arisen from the trigger event or would arise from the trigger event if carried into effect, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-3-b"><num>(b)</num><content>reasonably considers that the provisions of the order are necessary and proportionate for the purpose of preventing, remedying or mitigating the risk.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-4"><num>(4)</num><content>Before making a final order the Secretary of State must consider any representations made to the Secretary of State.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-5"><num>(5)</num><intro>A final order may include—</intro><level class="para1" eId="section-26-5-a"><num>(a)</num><content>provision requiring a person, or description of person, to do, or not to do, parti

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-a"><num>(a)</num><content>provision requiring a person, or description of person, to do, or not to do, particular things,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-b"><num>(b)</num><content>provision for the appointment of a person to conduct or supervise the conduct of activities on such terms and with such powers as may be specified or described in the order,</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-c"><num>(c)</num><content>provision requiring a person, or description of person, not to disclose the contents of the order except to the extent permitted by the order,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-d"><num>(d)</num><content>consequential, supplementary or incidental provision.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-6"><num>(6)</num><intro>Provision made by or under a final order may extend to a person's conduct outside the United Kingdom or the territorial sea only if the person is—</intro><level class="para1" eId="sect

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-6-a"><num>(a)</num><content>a United Kingdom national,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-6-b"><num>(b)</num><content>an individual ordinarily resident in the United Kingdom,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-6-c"><num>(c)</num><content>a body incorporated or constituted under the law of any part of the United Kingdom, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-6-d"><num>(d)</num><content>carrying on business in the United Kingdom.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-7"><num>(7)</num><content>A final order comes into force at such time as is determined by or under the order.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-8"><num>(8)</num><content>A final order ceases to have effect at such time as is determined by or under the order, unless it is revoked before that time.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27"><num>27</num><heading>Review, variation and revocation of orders</heading><subsection eId="section-27-1"><num>(1)</num><content>This section applies in relation to an interim order and a final order.</content><

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-1"><num>(1)</num><content>This section applies in relation to an interim order and a final order.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-2"><num>(2)</num><content>The Secretary of State must keep each order under review and may vary or revoke it.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-3"><num>(3)</num><content>If a person required to comply with an order requests that the Secretary of State vary or revoke it, the Secretary of State must consider the request as soon as practicable after receivi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-4"><num>(4)</num><intro>But the Secretary of State is not required to consider such a request in relation to a final order if, in the opinion of the Secretary of State, there has been no material change of circum

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-4-a"><num>(a)</num><content>since the order was made or last varied, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-4-b"><num>(b)</num><content>in the case of a request from a person who has made a previous request in relation to the order, since the previous request was made.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28"><num>28</num><heading>Orders: supplementary</heading><subsection eId="section-28-1"><num>(1)</num><content>This section applies in relation to an interim order and a final order.</content></subsection><subsecti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-1"><num>(1)</num><content>This section applies in relation to an interim order and a final order.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-2"><num>(2)</num><intro>As soon as practicable after making or varying an order, the Secretary of State must serve the order, or the order as varied, on—</intro><level class="para1" eId="section-28-2-a"><num>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-2-a"><num>(a)</num><content>each person who is required to comply with the order,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-2-b"><num>(b)</num><content>each person to whom the call-in notice was given, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-2-c"><num>(c)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-3"><num>(3)</num><content>As soon as practicable after varying an order, the Secretary of State must give notice to any person who was previously required to comply with the order but is no longer required to com

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-4"><num>(4)</num><intro>Subject to subsection (5), each order (including each order as varied) or explanatory material accompanying the order must—</intro><level class="para1" eId="section-28-4-a"><num>(a)</n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-4-a"><num>(a)</num><content>state the date on which the order or any variation comes into force or how that date is to be determined,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-4-b"><num>(b)</num><content>state each person, or description of person, who is required to comply with the order,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-4-c"><num>(c)</num><content>describe the trigger event and entity or asset concerned,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-4-d"><num>(d)</num><content>state the reasons for making or varying the order,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-4-e"><num>(e)</num><content>state the possible consequences of not complying with the order,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-4-f"><num>(f)</num><intro>provide information about—</intro><level class="para2" eId="section-28-4-f-i"><num>(i)</num><content>how to apply to the Secretary of State for an order to be varied or r

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-28-4-f-i"><num>(i)</num><content>how to apply to the Secretary of State for an order to be varied or revoked, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-28-4-f-ii"><num>(ii)</num><content>the procedure for judicial review or, in Scotland, an application to the supervisory jurisdiction of the Court of Session.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-5"><num>(5)</num><intro>The Secretary of State may exclude from the copy of an order served on any person within subsection (2), or from any explanatory material accompanying the order, anything the disclosure of

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-5-a"><num>(a)</num><content>would be likely to prejudice the commercial interests of any person, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-5-b"><num>(b)</num><content>would be contrary to the interests of national security.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-6"><num>(6)</num><content>As soon as practicable after revoking an order, the Secretary of State must give notice to the persons mentioned in subsection (2) that the order has been revoked.</content></subsect

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29"><num>29</num><heading>Publication of notice of final order</heading><subsection eId="section-29-1"><num>(1)</num><intro>Subject to subsection (3), the Secretary of State must publish, in such manner as the Secretar

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-1"><num>(1)</num><intro>Subject to subsection (3), the Secretary of State must publish, in such manner as the Secretary of State considers appropriate, notice of the fact that—</intro><level class="para1" eId

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-1-a"><num>(a)</num><content>a final order has been made,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-1-b"><num>(b)</num><content>a final order has been varied or revoked.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-2"><num>(2)</num><intro>The notice under subsection (1) must be published as soon as practicable and must—</intro><level class="para1" eId="section-29-2-a"><num>(a)</num><content>state the date on which th

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-a"><num>(a)</num><content>state the date on which the order, variation or revocation comes into force, or how that date is to be determined,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-b"><num>(b)</num><content>state each person, and each description of person, who is required to comply with the order,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-c"><num>(c)</num><content>describe the trigger event and entity or asset concerned,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-d"><num>(d)</num><content>include a summary of the order, variation or revocation, its effect and the reasons for it,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-e"><num>(e)</num><content>include any other information that the Secretary of State considers it appropriate to include.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-3"><num>(3)</num><intro>The Secretary of State may exclude from the notice under subsection (1) anything the publication of which the Secretary of State considers—</intro><level class="para1" eId="section-29-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-3-a"><num>(a)</num><content>would be likely to prejudice the commercial interests of any person, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-3-b"><num>(b)</num><content>would be contrary to the interests of national security.</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-financial-assistance"><heading>Financial assistance</heading><section eId="section-30"><num>30</

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30"><num>30</num><heading>Financial assistance</heading><subsection eId="section-30-1"><num>(1)</num><content>The Secretary of State may, with the consent of the Treasury, give financial assistance to or in respect of

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-1"><num>(1)</num><content>The Secretary of State may, with the consent of the Treasury, give financial assistance to or in respect of an entity in consequence of the making of a final order.</content></subsec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-2"><num>(2)</num><content>“<term refersTo="#term-financial-assistance" eId="term-financial-assistance">Financial assistance</term>” means loans, guarantees or indemnities, or any other kind of financial assistanc

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-3"><num>(3)</num><content>If during any relevant period the amount given under this section totals £100 million or more, the Secretary of State must as soon as practicable lay a report of the amount before the Ho

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-4"><num>(4)</num><content>If during a relevant period in which a report has been laid under subsection (3) any further amount is given under this section, the Secretary of State must as soon as practicable lay a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-5"><num>(5)</num><intro>“<term refersTo="#term-relevant-period" eId="term-relevant-period">Relevant period</term>” means—</intro><level class="para1" eId="section-30-5-a"><num>(a)</num><content>the period

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-5-a"><num>(a)</num><content>the period beginning with the day on which this section comes into force and ending with the following 31 March, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-5-b"><num>(b)</num><content>each subsequent period of 12 months.</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-cma-functions"><heading>CMA functions</heading><section eId="section-31"><num>31</num><heading>I

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31"><num>31</num><heading>Interaction with CMA functions under Part 3 of Enterprise Act 2002</heading><subsection eId="section-31-1"><num>(1)</num><content>This section applies at any time when a final order is in forc

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-1"><num>(1)</num><content>This section applies at any time when a final order is in force, or a final notification has been given, in relation to a trigger event which involves, or would involve, two or more ente

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-2"><num>(2)</num><content>The Secretary of State may direct the Competition and Markets Authority (“the CMA”) to do, or not to do, anything under Part 3 of the 2002 Act in relation to the trigger event if the Sec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-3"><num>(3)</num><content>Before giving a direction under this section, the Secretary of State must consult the CMA and such other persons as the Secretary of State considers appropriate.</content></subsectio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-4"><num>(4)</num><content>The Secretary of State must publish a direction given under this section in such manner as the Secretary of State considers appropriate.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-5"><num>(5)</num><content>The duty of the CMA to comply with a direction given under this section applies regardless of any other duty imposed on the CMA.</content></subsection>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-3"><num>PART 3</num><heading>Enforcement and Appeals</heading><hcontainer name="crossheading" u

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-offences"><heading>Offences</heading><section eId="section-32"><num>32</num><heading>Offence of

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32"><num>32</num><heading>Offence of completing notifiable acquisition without approval</heading><subsection eId="section-32-1"><num>(1)</num><content>A person who, pursuant to a notifiable acquisition, gains control i

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-1"><num>(1)</num><content>A person who, pursuant to a notifiable acquisition, gains control in circumstances falling within section 6(2) commits an offence if, without reasonable excuse, that person completes the

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-2"><num>(2)</num><content>Subsection (1) applies even if a call-in notice or a validation notice has been given in relation to the notifiable acquisition.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-3"><num>(3)</num><content>An offence is committed under this section notwithstanding the effect of section 13(1).</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33"><num>33</num><heading>Offence of failing to comply with order</heading><subsection eId="section-33-1"><num>(1)</num><content>A person commits an offence if, without reasonable excuse, the person fails to comply wit

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-1"><num>(1)</num><content>A person commits an offence if, without reasonable excuse, the person fails to comply with a requirement to which the person is subject under or by virtue of an interim order or a final

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-2"><num>(2)</num><content>Where a person is convicted of an offence under this section, the court may make an order requiring that person, within such period as may be specified by the order, to comply with a req

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34"><num>34</num><heading>Offences: information and attendance of witnesses</heading><subsection eId="section-34-1"><num>(1)</num><intro>A person commits an offence if—</intro><level class="para1" eId="section-34-1

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-1"><num>(1)</num><intro>A person commits an offence if—</intro><level class="para1" eId="section-34-1-a"><num>(a)</num><content>the person fails, without reasonable excuse, to comply with a requirement of

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-1-a"><num>(a)</num><content>the person fails, without reasonable excuse, to comply with a requirement of an information notice or an attendance notice, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-1-b"><num>(b)</num><content>the person intentionally or recklessly alters, suppresses or destroys or causes or permits the alteration, suppression or destruction of any information the person has been re

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-2"><num>(2)</num><content>A person commits an offence if the person intentionally obstructs or delays the making of a copy of information provided in response to an information notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-3"><num>(3)</num><intro>A person commits an offence if—</intro><level class="para1" eId="section-34-3-a"><num>(a)</num><content>the person supplies any information to the Secretary of State (including by w

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-3-a"><num>(a)</num><content>the person supplies any information to the Secretary of State (including by way of giving evidence pursuant to an attendance notice) in connection with a function of the Secre

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-3-b"><num>(b)</num><content>the information is false or misleading in a material respect, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-3-c"><num>(c)</num><content>the person knows that, or is reckless as to whether, it is false or misleading in a material respect.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-4"><num>(4)</num><intro>A person commits an offence if—</intro><level class="para1" eId="section-34-4-a"><num>(a)</num><content>the person supplies any information to another person (other than the Secreta

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-a"><num>(a)</num><content>the person supplies any information to another person (other than the Secretary of State),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-b"><num>(b)</num><content>the person supplying the information knows that the information is to be used for the purpose of supplying information to the Secretary of State in connection with a function

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-c"><num>(c)</num><content>the information is false or misleading in a material respect, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-d"><num>(d)</num><content>the person supplying the information knows that, or is reckless as to whether, it is false or misleading in a material respect.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-5"><num>(5)</num><intro>Where a person is convicted of an offence under subsection (1) or (2), the court may make an order requiring that person, within such period as may be specified by the order—</intro><l

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-5-a"><num>(a)</num><content>to comply with a requirement in an information notice,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-5-b"><num>(b)</num><content>to comply with a requirement in an attendance notice, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-5-c"><num>(c)</num><content>to permit the making of a copy of information.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-6"><num>(6)</num><content>Any reference in subsection (1) to destroying information includes a reference to destroying the means of reproducing information recorded otherwise than in legible form.</content></

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35"><num>35</num><heading>Offences in relation to sharing information</heading><subsection eId="section-35-1"><num>(1)</num><content>It is an offence for a person to use or disclose information in contravention of sect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-1"><num>(1)</num><content>It is an offence for a person to use or disclose information in contravention of section 54 or 55(1).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-2"><num>(2)</num><intro>It is a defence for a person charged with an offence under this section to prove that the person reasonably believed that—</intro><level class="para1" eId="section-35-2-a"><num>(a)</nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-a"><num>(a)</num><content>the use or disclosure was lawful, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-b"><num>(b)</num><content>the information had already and lawfully been made available to the public.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36"><num>36</num><heading>Offences by bodies corporate etc</heading><subsection eId="section-36-1"><num>(1)</num><intro>If an offence under this Act is committed by a body—</intro><level class="para1" eId="section-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-1"><num>(1)</num><intro>If an offence under this Act is committed by a body—</intro><level class="para1" eId="section-36-1-a"><num>(a)</num><content>with the consent or connivance of an officer of the body

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-a"><num>(a)</num><content>with the consent or connivance of an officer of the body, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-b"><num>(b)</num><content>due to any neglect on the part of such an officer,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-2"><num>(2)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-body" eId="term-body">body</term>” means a body corporate, a partnership or an unincorporated a

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="definition"><content> <ins class="first" ukl:ChangeId="key-f237ff48d3f92b2b84c5ccf5c861dc4b-16871

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-acquirer" eId="term-acquirer">acquirer</term>” has the meaning given by section 5(2),</content></hcontainer>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content>in relation to a body corporate, means a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body, or a person purporting to act in

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(c)</num><content>in relation to an unincorporated association other than a partnership, means a person who is concerned in the management or control of the body or purports to act in the capacity of a person so co

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-3"><num>(3)</num><intro>In subsection (2) “<term refersTo="#term-director" eId="term-director">director</term>” includes—</intro><level class="para1" eId="section-36-3-a"><num>(a)</num><content>a per

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-3-a"><num>(a)</num><content>a person occupying in relation to a body corporate the position of a director (by whatever name called),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-3-b"><num>(b)</num><content>a person in accordance with whose directions or instructions (not being advice given in a professional capacity) the directors of that body are accustomed to act, and</con

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-3-c"><num>(c)</num><content>a person who has an interest or right in, or in relation to, the body corporate that (whether alone or together with other interests or rights held by the person) enables the

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-4"><num>(4)</num><content>If the affairs of a body corporate are managed by its members, subsection (1) applies in relation to the acts and defaults of a member in connection with the member's functions of manage

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-5"><num>(5)</num><content>The Secretary of State may by regulations provide for the modification of any provision of this section in its application to a body corporate or unincorporated association formed or rec

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-prosecution-and-penalties"><heading>Pros

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37"><num>37</num><heading>Prosecution</heading><intro>Proceedings for an offence under this Act may be instituted—</intro><level class="para1" eId="section-37-a"><num>(a)</num><content>in England and Wales, only

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-a"><num>(a)</num><content>in England and Wales, only by the Director of Public Prosecutions, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-b"><num>(b)</num><content>in Northern Ireland, only by the Director of Public Prosecutions for Northern Ireland.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38"><num>38</num><heading>Proceedings against partnerships etc</heading><subsection eId="section-38-1"><num>(1)</num><intro>Proceedings for an offence under this Act may be brought—</intro><level class="para1" eId=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-1"><num>(1)</num><intro>Proceedings for an offence under this Act may be brought—</intro><level class="para1" eId="section-38-1-a"><num>(a)</num><content>where the offence is alleged to have been committed

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-1-a"><num>(a)</num><content>where the offence is alleged to have been committed by a partnership, against the partnership in the firm name,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-1-b"><num>(b)</num><content>where the offence is alleged to have been committed by an unincorporated association other than a partnership, against the association in its own name.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-2"><num>(2)</num><content>Rules of court relating to the service of documents have effect in relation to such proceedings as if the partnership or unincorporated association were a body corporate.</content></

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-3"><num>(3)</num><intro>For the purposes of such proceedings the following provisions apply as they apply in relation to a body corporate—</intro><level class="para1" eId="section-38-3-a"><num>(a)</num><conte

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-3-a"><num>(a)</num><content>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates' Courts Act 1980,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-3-b"><num>(b)</num><content>section 18 of the Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.)) and Schedule 4 to the Magistrates' Court (Northern Ireland) Order 1981 (S.I. 1981/1675 (N.I. 26))

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-4"><num>(4)</num><content>A fine imposed on a partnership on its conviction for an offence is to be paid out of the partnership assets.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-5"><num>(5)</num><content>A fine imposed on an unincorporated association other than a partnership on its conviction for an offence is to be paid out of the funds of the association.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-39"><num>39</num><heading>Offences: penalties</heading><subsection eId="section-39-1"><num>(1)</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-39-1"><num>(1)</num><intro>A person who commits an offence under section 32 (completing no

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-39-1-a"><num>(a)</num><content>on summary conviction in England and Wales, to imp

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-1-b"><num>(b)</num><content>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months, or a fine not exceeding the statutory maximum (or both),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-1-c"><num>(c)</num><content>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months, or a fine not exceeding the statutory maximum (or both),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-1-d"><num>(d)</num><content>on conviction on indictment, to imprisonment for a term not exceeding 5 years, or a fine (or both).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-39-2"><num>(2)</num><intro>A person who commits an offence under section 34 (offences in r

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-39-2-a"><num>(a)</num><content>on summary conviction in England and Wales, to imp

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-b"><num>(b)</num><content>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months, or a fine not exceeding the statutory maximum (or both),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-c"><num>(c)</num><content>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months, or a fine not exceeding the statutory maximum (or both),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-d"><num>(d)</num><content>on conviction on indictment, to imprisonment for a term not exceeding 2 years, or a fine (or both).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-39-3"><num>(3)</num><content>In relation to an offence committed before <ins class="subst

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-civil-sanctions"><heading>Civil sanctions</heading><section eId="section-40"><num>40</num><headi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40"><num>40</num><heading>Power to impose monetary penalties</heading><subsection eId="section-40-1"><num>(1)</num><intro>Subject to section 43(1), the Secretary of State may give a notice imposing a monetary penalty o

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-1"><num>(1)</num><intro>Subject to section 43(1), the Secretary of State may give a notice imposing a monetary penalty on a person if the Secretary of State is satisfied, beyond reasonable doubt, that the person

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-1-a"><num>(a)</num><content>section 32 (completing notifiable acquisition without approval),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-1-b"><num>(b)</num><content>section 33 (failing to comply with interim or final order), or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-1-c"><num>(c)</num><content>section 34 (offences in relation to supplying information and attendance of witnesses),</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-2"><num>(2)</num><content>A notice under this section is referred to in this Act as a penalty notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-3"><num>(3)</num><content>In this Act “<term refersTo="#term-monetary-penalty" eId="term-monetary-penalty">monetary penalty</term>” means a requirement to pay to the Secretary of State a penalty of an amount det

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-4"><num>(4)</num><intro>For an offence under section 33 or 34(1)(a), a monetary penalty may be—</intro><level class="para1" eId="section-40-4-a"><num>(a)</num><content>a fixed amount (“a fixed penalty”),</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-4-a"><num>(a)</num><content>a fixed amount (“a fixed penalty”),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-4-b"><num>(b)</num><content>an amount calculated by reference to a daily rate (“a daily rate penalty”), or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-4-c"><num>(c)</num><content>a combination of a fixed penalty and a daily rate penalty.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-5"><num>(5)</num><content>For an offence under section 32 or for any other offence under section 34, the monetary penalty may be a fixed penalty only.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-6"><num>(6)</num><content>The amount of the monetary penalty is to be such amount as the Secretary of State considers appropriate but it may not exceed the permitted maximum, as set out in section 41.</conten

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-7"><num>(7)</num><intro>When determining a monetary penalty under this section, the Secretary of State must have regard, in particular, to—</intro><level class="para1" eId="section-40-7-a"><num>(a)</num><cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-7-a"><num>(a)</num><content>the seriousness of the offence,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-7-b"><num>(b)</num><content>the desirability of deterring both the person on whom the penalty is imposed and others from committing the offence to which the penalty relates,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-7-c"><num>(c)</num><content>the possibility, and desirability, of rectifying any failure to which the offence relates,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-7-d"><num>(d)</num><content>any steps taken by the person on whom the penalty is imposed towards rectifying any failure to which the offence relates, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-7-e"><num>(e)</num><content>the ability of the person on whom the penalty is imposed to pay the penalty.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-8"><num>(8)</num><intro>A penalty notice must include information as to—</intro><level class="para1" eId="section-40-8-a"><num>(a)</num><content>the grounds for imposing the monetary penalty,</content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-8-a"><num>(a)</num><content>the grounds for imposing the monetary penalty,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-8-b"><num>(b)</num><content>whether the penalty is a fixed penalty, a daily rate penalty or a combination of both and how it is calculated,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-8-c"><num>(c)</num><content>in the case of a fixed penalty, the amount of the penalty,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-8-d"><num>(d)</num><content>in the case of a daily rate penalty, the amount of the daily rate, the day on which the amount first starts to accumulate and the day on which, or the circumstances in which,

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-8-e"><num>(e)</num><content>how the amount of the penalty was determined,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-8-f"><num>(f)</num><content>how payment may be made,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-8-g"><num>(g)</num><content>the period within which payment is to be made (which must be at least 28 days),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-8-h"><num>(h)</num><content>rights of appeal,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-8-i"><num>(i)</num><content>the consequences of non-payment.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-9"><num>(9)</num><intro>For the purposes of a daily rate penalty—</intro><level class="para1" eId="section-40-9-a"><num>(a)</num><content>the first day on which the amount may start to accumulate is the da

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-9-a"><num>(a)</num><content>the first day on which the amount may start to accumulate is the day after the day on which the penalty notice is given,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-9-b"><num>(b)</num><intro>unless the Secretary of State determines an earlier date, the daily rate ceases to accumulate at the beginning of the earliest of—</intro><level class="para2" eId="section-4

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-40-9-b-i"><num>(i)</num><content>the day on which the requirement to comply to which the offence relates is satisfied,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-40-9-b-ii"><num>(ii)</num><content>the day on which that requirement no longer applies.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-10"><num>(10)</num><intro>A monetary penalty imposed under this section is to be paid out of—</intro><level class="para1" eId="section-40-10-a"><num>(a)</num><content>the partnership assets where imposed o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-10-a"><num>(a)</num><content>the partnership assets where imposed on a partnership, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-10-b"><num>(b)</num><content>the funds of the association where imposed on an unincorporated association other than a partnership.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41"><num>41</num><heading>Permitted maximum penalties</heading><subsection eId="section-41-1"><num>(1)</num><intro>The following are the permitted maximum fixed penalties for an offence under section 32 or 33—</int

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-1"><num>(1)</num><intro>The following are the permitted maximum fixed penalties for an offence under section 32 or 33—</intro><level class="para1" eId="section-41-1-a"><num>(a)</num><content>if the offence

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-1-a"><num>(a)</num><content>if the offence is committed by a business, the higher of 5% of the total value of the turnover of the business (both in and outside the United Kingdom and including any busine

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-1-b"><num>(b)</num><content>if the offence is committed otherwise than by a business, £10 million.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-2"><num>(2)</num><intro>The following are the permitted maximum amounts per day for a daily rate penalty for an offence under section 33—</intro><level class="para1" eId="section-41-2-a"><num>(a)</num><conten

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-2-a"><num>(a)</num><content>if the offence is committed by a business, the higher of 0.1% of the total turnover of the business (both in and outside the United Kingdom and including any business owned or

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-2-b"><num>(b)</num><content>if the offence is committed otherwise than by a business, £200,000.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-3"><num>(3)</num><content>The permitted maximum fixed penalty for an offence under section 34(1)(a) is £30,000.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-4"><num>(4)</num><content>The permitted maximum amount per day for a daily rate penalty for an offence under section 34(1)(a) is £15,000.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-5"><num>(5)</num><content>The permitted maximum fixed penalty for an offence under section 34(1)(b) is £30,000.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-6"><num>(6)</num><content>The permitted maximum fixed penalty for an offence under section 34(2) is £30,000.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-7"><num>(7)</num><content>The permitted maximum fixed penalty for an offence under section 34(3) or (4) is £30,000.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-8"><num>(8)</num><intro>The Secretary of State may by regulations—</intro><level class="para1" eId="section-41-8-a"><num>(a)</num><content>provide that a person of a description specified in the regulation

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-8-a"><num>(a)</num><content>provide that a person of a description specified in the regulations is or is not a business for the purposes of this section,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-8-b"><num>(b)</num><content>make provision for determining when a business is to be treated as controlled by another business for the purposes of this section,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-8-c"><num>(c)</num><content>make provision for determining the turnover (both in and outside the United Kingdom) of a business for the purposes of this section,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-8-d"><num>(d)</num><content>amend subsection (1) or (2) so as to alter the percentage for the time being specified there,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-8-e"><num>(e)</num><content>amend any of subsections (1) to (7) by substituting a different sum for any sum for the time being specified there.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-9"><num>(9)</num><intro>The regulations may in particular—</intro><level class="para1" eId="section-41-9-a"><num>(a)</num><content>include by virtue of subsection (8)(c) provision as to the amounts which a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-9-a"><num>(a)</num><content>include by virtue of subsection (8)(c) provision as to the amounts which are, or which are not, to be treated as comprising the turnover of a business, or provision as to the

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-9-b"><num>(b)</num><content>make provision for the Secretary of State to determine matters of a description specified in the regulations (including the matters mentioned in paragraph (a)).</content><

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42"><num>42</num><heading>Review, variation and revocation of monetary penalties</heading><subsection eId="section-42-1"><num>(1)</num><content>The Secretary of State must keep a monetary penalty imposed by a penalty n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-1"><num>(1)</num><content>The Secretary of State must keep a monetary penalty imposed by a penalty notice under review and may vary or revoke the penalty notice as the Secretary of State considers appropriate.</p

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-2"><num>(2)</num><content>If a penalty is revoked under this section, the Secretary of State must, as soon as practicable, give a notice to the person upon whom the penalty was imposed.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-3"><num>(3)</num><intro>If a penalty, or the period within which a penalty is to be paid, is varied under this section, the Secretary of State must, as soon as practicable, give a notice to the person on whom the

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-3-a"><num>(a)</num><content>states the variation and the reasons for the variation,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-3-b"><num>(b)</num><content>includes information about rights of appeal and consequences of non-payment.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-4"><num>(4)</num><content>A notice under subsection (3) is referred to in this Act as a penalty variation notice.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43"><num>43</num><heading>Monetary penalties: criminal proceedings and convictions</heading><subsection eId="section-43-1"><num>(1)</num><intro>A penalty notice may not be given to a person in respect of an offence if—

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-1"><num>(1)</num><intro>A penalty notice may not be given to a person in respect of an offence if—</intro><level class="para1" eId="section-43-1-a"><num>(a)</num><content>criminal proceedings have been ins

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-1-a"><num>(a)</num><content>criminal proceedings have been instituted but not concluded in respect of the offence, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-1-b"><num>(b)</num><content>the person has been convicted of the offence.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-2"><num>(2)</num><content>Where a person has paid, or is required to pay, a monetary penalty under a penalty notice, no criminal proceedings may be instituted against the person in respect of the offence to which

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44"><num>44</num><heading>Recovering penalties</heading><subsection eId="section-44-1"><num>(1)</num><content>Subsections (2) to (8) apply if all or part of a monetary penalty imposed by a penalty notice is unpaid by t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-1"><num>(1)</num><content>Subsections (2) to (8) apply if all or part of a monetary penalty imposed by a penalty notice is unpaid by the time it is required to be paid.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-2"><num>(2)</num><content>The unpaid balance carries interest from time to time at the rate for the time being specified in section 17 of the Judgments Act 1838.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-3"><num>(3)</num><content>Where the Secretary of State considers it appropriate to do so, the Secretary of State may require so much of the penalty as has not already been paid to be paid immediately.</conten

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-4"><num>(4)</num><intro>The Secretary of State may recover any of the penalty and any interest that has not been paid if—</intro><level class="para1" eId="section-44-4-a"><num>(a)</num><content>no appeal r

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-4-a"><num>(a)</num><content>no appeal relating to the penalty has been brought under section 50 during the period within which such an appeal may be brought, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-4-b"><num>(b)</num><content>an appeal has been determined or withdrawn.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-5"><num>(5)</num><content>In England and Wales, and in Northern Ireland, the penalty is recoverable as if it were payable under an order of the High Court.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-6"><num>(6)</num><content>In Scotland, the penalty may be enforced in the same manner as an extract registered decree arbitral bearing a warrant for execution issued by the sheriff court of any sheriffdom in Scot

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-7"><num>(7)</num><intro>Where action is taken under this section for the recovery of a sum payable under a penalty notice, the penalty is—</intro><level class="para1" eId="section-44-7-a"><num>(a)</num><conte

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-7-a"><num>(a)</num><content>in relation to England and Wales, to be treated for the purposes of section 98 of the Courts Act 2003 (register of judgments and orders etc) as if it were a judgment entered i

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-7-b"><num>(b)</num><content>in relation to Northern Ireland, to be treated for the purposes of Article 116 of the Judgments Enforcement (Northern Ireland) Order 1981 (S.I. 1981/226 (N.I. 6)) (register of

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-8"><num>(8)</num><content>Any sums received by the Secretary of State by way of a monetary penalty, or interest in respect of such a penalty, under this Act must be paid into the Consolidated Fund.</content><

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45"><num>45</num><heading>Monetary penalties: cost recovery</heading><subsection eId="section-45-1"><num>(1)</num><content>The Secretary of State may give a notice to a person requiring the person to pay to the Secreta

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-1"><num>(1)</num><content>The Secretary of State may give a notice to a person requiring the person to pay to the Secretary of State the costs incurred by the Secretary of State in relation to the imposition of a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-2"><num>(2)</num><content>A notice under subsection (1) is referred to in this Act as a cost recovery notice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-3"><num>(3)</num><intro>The reference to “costs” in subsection (1) includes, in particular—</intro><level class="para1" eId="section-45-3-a"><num>(a)</num><content>investigation costs,</content></leve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-3-a"><num>(a)</num><content>investigation costs,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-3-b"><num>(b)</num><content>administration costs,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-3-c"><num>(c)</num><content>costs of obtaining expert advice (including legal advice).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-4"><num>(4)</num><intro>A cost recovery notice must specify the amount to be paid and include information as to—</intro><level class="para1" eId="section-45-4-a"><num>(a)</num><content>the grounds for givi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-4-a"><num>(a)</num><content>the grounds for giving the notice,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-4-b"><num>(b)</num><content>how payment may be made,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-4-c"><num>(c)</num><content>the period within which payment is to be made (which must be at least 28 days),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-4-d"><num>(d)</num><content>rights of appeal,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-4-e"><num>(e)</num><content>the consequences of non-payment.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-5"><num>(5)</num><content>A person required to pay an amount to the Secretary of State under this section may require the Secretary of State to give a detailed breakdown of that amount.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-6"><num>(6)</num><intro>Costs imposed under this section are to be paid out of—</intro><level class="para1" eId="section-45-6-a"><num>(a)</num><content>the partnership assets where imposed on a partnership

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-6-a"><num>(a)</num><content>the partnership assets where imposed on a partnership, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-6-b"><num>(b)</num><content>the funds of the association where imposed on an unincorporated association other than a partnership.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46"><num>46</num><heading>Review, variation and revocation of cost recovery notice</heading><subsection eId="section-46-1"><num>(1)</num><content>The Secretary of State must keep a cost recovery notice under review and

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-1"><num>(1)</num><content>The Secretary of State must keep a cost recovery notice under review and may vary or revoke it as the Secretary of State considers appropriate.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-2"><num>(2)</num><content>If a cost recovery notice is revoked under this section, the Secretary of State must, as soon as practicable, give a notice to the person to whom the cost recovery notice was given.<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-3"><num>(3)</num><intro>If the costs, or the period within which the costs are to be paid, is varied under this section, the Secretary of State must, as soon as practicable, give a notice to the person to whom th

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-3-a"><num>(a)</num><content>states the variation and the reasons for the variation,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-3-b"><num>(b)</num><content>includes information about rights of appeal and consequences of non-payment.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-4"><num>(4)</num><content>A notice under subsection (3) is referred to in this Act as a cost variation notice.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47"><num>47</num><heading>Enforcement of cost recovery notice</heading><subsection eId="section-47-1"><num>(1)</num><content>Subsections (2) to (8) apply if some or all of the costs payable under a cost recovery notice

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-1"><num>(1)</num><content>Subsections (2) to (8) apply if some or all of the costs payable under a cost recovery notice are unpaid by the time when they are required to be paid.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-2"><num>(2)</num><content>The unpaid balance carries interest from time to time at the rate for the time being specified in section 17 of the Judgments Act 1838.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-3"><num>(3)</num><content>Where the Secretary of State considers it appropriate to do so, the Secretary of State may require so much of the costs as have not already been paid to be paid immediately.</content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-4"><num>(4)</num><intro>The Secretary of State may recover from the person any of the costs and any interest as has not been paid if—</intro><level class="para1" eId="section-47-4-a"><num>(a)</num><content><p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-4-a"><num>(a)</num><content>no appeal relating to the costs has been brought under section 51 during the period within which such an appeal may be brought, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-4-b"><num>(b)</num><content>an appeal has been determined or withdrawn.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-5"><num>(5)</num><content>In England and Wales, and in Northern Ireland, the costs are recoverable as if they were payable under an order of the High Court.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-6"><num>(6)</num><content>In Scotland, the costs may be enforced in the same manner as an extract registered decree arbitral bearing a warrant for execution issued by the sheriff court of any sheriffdom in Scotla

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-7"><num>(7)</num><intro>Where action is taken under this section for the recovery of a sum payable under a cost recovery notice, the costs are—</intro><level class="para1" eId="section-47-7-a"><num>(a)</num><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-7-a"><num>(a)</num><content>in relation to England and Wales, to be treated for the purposes of section 98 of the Courts Act 2003 (register of judgments and orders etc) as if they were a judgment entered

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-47-7-b"><num>(b)</num><content>in relation to Northern Ireland, to be treated for the purposes of Article 116 of the Judgments Enforcement (Northern Ireland) Order 1981 (S.I. 1981/226 (N.I. 6)) (register of

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-47-8"><num>(8)</num><content>Any sums received by the Secretary of State by way of costs, or interest in respect of such costs, under this Act must be paid into the Consolidated Fund.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-civil-proceedings"><heading>Civil proceedings</heading><section eId="section-48"><num>48</num><h

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-48"><num>48</num><heading>Enforcement through civil proceedings</heading><subsection eId="section-48-1"><num>(1)</num><content>A person's duty to comply with a requirement to which the person is subject under or by vir

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-48-1"><num>(1)</num><content>A person's duty to comply with a requirement to which the person is subject under or by virtue of an information notice, an attendance notice, an interim order or a final order is enforc

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-48-2"><num>(2)</num><content>Subsection (1) applies whether or not the person is in the United Kingdom.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-judicial-review-and-appeals"><heading>Judicial review and appeals</heading><section eId="section

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49"><num>49</num><heading>Procedure for judicial review of certain decisions</heading><subsection eId="section-49-1"><num>(1)</num><content>This section applies to a claim for judicial review of a relevant decision.</p

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-1"><num>(1)</num><content>This section applies to a claim for judicial review of a relevant decision.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-2"><num>(2)</num><intro>A “<term refersTo="#term-relevant-decision" eId="term-relevant-decision">relevant decision</term>” means—</intro><level class="para1" eId="section-49-2-a"><num>(a)</num><intro>a de

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-2-a"><num>(a)</num><intro>a decision or action under or by virtue of any of the following provisions, but not including any such decision or action that is directly related to a Part 3 function of the Se

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-a-i"><num>(i)</num><content>section 19,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-a-ii"><num>(ii)</num><content>section 20,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-a-iii"><num>(iii)</num><content>section 21,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-a-iv"><num>(iv)</num><content>section 54(1) and (2)(a),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-a-v"><num>(v)</num><content>section 54(6) to (8), insofar as the decision or action is related to the disclosure of information under section 54(2)(a),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-a-vi"><num>(vi)</num><content>section 55(1) and (3), insofar as the decision or action is related to the disclosure of information under section 54(2)(a),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-a-vii"><num>(vii)</num><content>section 56,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-a-viii"><num>(viii)</num><content>section 57, other than a decision or action related to the disclosure of information under section 54(2)(b) to (f) or (3),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-2-b"><num>(b)</num><content>a decision or action under or by virtue of section 54(9), insofar as the decision or action is related to a decision or action falling within paragraph (a)(iv) or (v),</co

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-2-c"><num>(c)</num><intro>a decision or action under or by virtue of—</intro><level class="para2" eId="section-49-2-c-i"><num>(i)</num><content>any provision of Part 1 of this Act not mentioned in

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-c-i"><num>(i)</num><content>any provision of Part 1 of this Act not mentioned in paragraph (a),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-c-iii"><num>(iii)</num><content>section 53, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-2-c-iv"><num>(iv)</num><content>section 62,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-3"><num>(3)</num><content>A “<term refersTo="#term-part-3-function" eId="term-part-3-function">Part 3 function</term>” means a function under or by virtue of this Part of this Act.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-4"><num>(4)</num><content>The court may entertain proceedings for a claim to which this section applies only if the claim form is filed before the end of the period of 28 days beginning with the day after the day

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-5"><num>(5)</num><intro>In the application of this section to Scotland—</intro><level class="para1" eId="section-49-5-a"><num>(a)</num><content><mod>subsection (1) has effect with the substitution of <quot

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-5-a"><num>(a)</num><content><mod>subsection (1) has effect with the substitution of <quotedText>“ an application to the supervisory jurisdiction of the court in respect

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-5-b"><num>(b)</num><intro>subsection (4) has effect with the substitution of—</intro><level class="para2" eId="section-49-5-b-i"><num>(i)</num><content>“an application” for “a claim”,</conten

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-5-b-i"><num>(i)</num><content>“an application” for “a claim”,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-5-b-ii"><num>(ii)</num><content>“application is made” for “claim form is filed”,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-5-b-iii"><num>(iii)</num><content>“the application” for “the claim”.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-6"><num>(6)</num><intro>In the application of this section to Northern Ireland—</intro><level class="para1" eId="section-49-6-a"><num>(a)</num><content><mod>subsection (1) has effect with the substitution

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-6-a"><num>(a)</num><content><mod>subsection (1) has effect with the substitution of <quotedText>“ an application ”</quotedText> for “a claim”,</mod></con

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-6-b"><num>(b)</num><intro>subsection (4) has effect with the substitution of—</intro><level class="para2" eId="section-49-6-b-i"><num>(i)</num><content>“an application” for “a claim”,</conten

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-6-b-i"><num>(i)</num><content>“an application” for “a claim”,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-6-b-ii"><num>(ii)</num><content>“application for leave to apply for judicial review” for “claim form is filed”,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-49-6-b-iii"><num>(iii)</num><content>“the application” for “the claim”.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-7"><num>(7)</num><intro>In this section “<term refersTo="#term-the-court" eId="term-the-court">the court</term>” means—</intro><level class="para1" eId="section-49-7-a"><num>(a)</num><content>the High Cou

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-7-a"><num>(a)</num><content>the High Court in England and Wales,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-7-b"><num>(b)</num><content>the Court of Session in Scotland, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-7-c"><num>(c)</num><content>the High Court in Northern Ireland.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50"><num>50</num><heading>Appeals against monetary penalties</heading><subsection eId="section-50-1"><num>(1)</num><content>A person who is given a penalty notice or a variation notice may appeal to the court.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-1"><num>(1)</num><content>A person who is given a penalty notice or a variation notice may appeal to the court.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-2"><num>(2)</num><content>A person may not appeal under this section after the end of the period of 28 days beginning with the day after the day on which the notice is given to the person.</content></subsecti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-3"><num>(3)</num><intro>On an appeal against a penalty notice the court may—</intro><level class="para1" eId="section-50-3-a"><num>(a)</num><content>confirm or quash the decision to impose the monetary pen

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-3-a"><num>(a)</num><content>confirm or quash the decision to impose the monetary penalty,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-3-b"><num>(b)</num><content>confirm or reduce the amount of the penalty,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-3-c"><num>(c)</num><content>confirm or vary the period within which all or part of the penalty is to be paid.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-4"><num>(4)</num><content>On an appeal against a variation notice the court may confirm, vary or quash the variation but may not increase the amount of the monetary penalty.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-5"><num>(5)</num><intro>In this section “<term refersTo="#term-the-court" eId="term-the-court">the court</term>” means—</intro><level class="para1" eId="section-50-5-a"><num>(a)</num><content>the High Cou

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-5-a"><num>(a)</num><content>the High Court in England and Wales,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-5-b"><num>(b)</num><content>the Court of Session in Scotland, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-5-c"><num>(c)</num><content>the High Court in Northern Ireland.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-6"><num>(6)</num><content>Where an appeal is brought under this section, the monetary penalty is not payable until the appeal is determined or withdrawn, unless the court orders otherwise.</content></subsecti

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51"><num>51</num><heading>Appeals against costs</heading><subsection eId="section-51-1"><num>(1)</num><content>A person given a cost recovery notice or a cost variation notice may appeal to the court.</content></su

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-1"><num>(1)</num><content>A person given a cost recovery notice or a cost variation notice may appeal to the court.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-2"><num>(2)</num><content>A person may not appeal under this section after the end of the period of 28 days beginning with the day after the day on which the notice is given to the person.</content></subsecti

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-3"><num>(3)</num><intro>On an appeal against a cost recovery notice the court may—</intro><level class="para1" eId="section-51-3-a"><num>(a)</num><content>confirm or quash the decision to impose costs,

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-3-a"><num>(a)</num><content>confirm or quash the decision to impose costs,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-3-b"><num>(b)</num><content>confirm or reduce the amount payable,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-3-c"><num>(c)</num><content>confirm or vary the period within which payment is to be made.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-4"><num>(4)</num><content>On an appeal against a cost variation notice the court may confirm, vary or quash the variation but may not increase the amount payable.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-5"><num>(5)</num><intro>In this section “<term refersTo="#term-the-court" eId="term-the-court">the court</term>” means—</intro><level class="para1" eId="section-51-5-a"><num>(a)</num><content>the High Cou

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-5-a"><num>(a)</num><content>the High Court in England and Wales,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-5-b"><num>(b)</num><content>the Court of Session in Scotland, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-5-c"><num>(c)</num><content>the High Court in Northern Ireland.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-6"><num>(6)</num><content>Where an appeal is brought under this section, the costs are not payable until the appeal is determined or withdrawn, unless the court orders otherwise.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-territorial-application"><heading>Territorial application</heading><section eId="section-52"><nu

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52"><num>52</num><heading>Extra-territorial application and jurisdiction to try offences</heading><subsection eId="section-52-1"><num>(1)</num><intro>Sections 32, 33, 34 and 35 apply—</intro><level class="para1" eI

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52-1"><num>(1)</num><intro>Sections 32, 33, 34 and 35 apply—</intro><level class="para1" eId="section-52-1-a"><num>(a)</num><content>whether the offence is committed in the United Kingdom or elsewhere,</c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-1-a"><num>(a)</num><content>whether the offence is committed in the United Kingdom or elsewhere,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-1-b"><num>(b)</num><content>if the offence is committed by an individual, whatever the nationality of the individual committing the offence,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-1-c"><num>(c)</num><content>if the offence is committed otherwise than by an individual, regardless of whether the body corporate or unincorporated association is formed or recognised under the law of a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52-2"><num>(2)</num><intro>Where an offence under this Part is committed outside the United Kingdom—</intro><level class="para1" eId="section-52-2-a"><num>(a)</num><content>proceedings for the offence may be

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-2-a"><num>(a)</num><content>proceedings for the offence may be taken at any place in the United Kingdom, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-2-b"><num>(b)</num><content>the offence may for all incidental purposes be treated as having been committed at any such place.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52-3"><num>(3)</num><intro>In the application of subsection (2) to Scotland, any such proceedings against a person may be taken—</intro><level class="para1" eId="section-52-3-a"><num>(a)</num><content>in any

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-3-a"><num>(a)</num><content>in any sheriff court district in which the person is apprehended or is in custody, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-52-3-b"><num>(b)</num><content>in such sheriff court district as the Lord Advocate may determine.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52-4"><num>(4)</num><content>In subsection (3) “<term refersTo="#term-sheriff-court-district" eId="term-sheriff-court-district">sheriff court district</term>” is to be read in accordance with the Criminal Procedure

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-4"><num>PART 4</num><heading>Miscellaneous</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-4-crossheading-administrative-requirements"

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-4-crossheading-administrative-requirements"><heading>Administrative requirements</heading><section eId="section

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-53"><num>53</num><heading>Procedure for service, etc</heading><subsection eId="section-53-1"><num>(1)</num><content>The Secretary of State may by regulations make provision for the procedure which must be followed when

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-53-1"><num>(1)</num><content>The Secretary of State may by regulations make provision for the procedure which must be followed when a provision of or made under this Act requires or allows a notice, order, notificat

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-53-2"><num>(2)</num><intro>The regulations may, in particular, make provision—</intro><level class="para1" eId="section-53-2-a"><num>(a)</num><content>as to the manner in which a document must be given or ser

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-2-a"><num>(a)</num><content>as to the manner in which a document must be given or served,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-2-b"><num>(b)</num><content>as to the address to which a document must be sent,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-2-c"><num>(c)</num><content>requiring, or allowing, a document to be sent electronically,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-2-d"><num>(d)</num><content>for treating a document as having been given, received or served on a date or at a time determined in accordance with the regulations,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-2-e"><num>(e)</num><content>as to what must, or may, be done if a sender or an intended recipient is not an individual,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-2-f"><num>(f)</num><content>as to what must, or may, be done if a person is treated by virtue of Schedule 1 as holding an interest or right for the purposes of this Act,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-53-2-g"><num>(g)</num><content>as to what must, or may, be done if a sender or an intended recipient is outside the United Kingdom.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-53-3"><num>(3)</num><content>Section 7 of the Interpretation Act 1978 (service of notice by post) has effect in relation to provisions made under this Act subject to any provision made by regulations under this sect

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-4-crossheading-information-gateways"><heading>Information gateways</heading><section eId="section-54"><num>54</

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54"><num>54</num><heading>Disclosure of information</heading><subsection eId="section-54-1"><num>(1)</num><content>A public authority may disclose information to the Secretary of State for the purpose of facilitating t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-1"><num>(1)</num><content>A public authority may disclose information to the Secretary of State for the purpose of facilitating the exercise by the Secretary of State of functions under this Act.</content></s

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-2"><num>(2)</num><intro>The Secretary of State may disclose information received under this Act to a public authority or an overseas public authority—</intro><level class="para1" eId="section-54-2-a"><num>(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-2-a"><num>(a)</num><content>for the purpose of facilitating the exercise by the Secretary of State of functions under this Act,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-2-b"><num>(b)</num><content>for the prevention or detection of crime,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-2-c"><num>(c)</num><content>for the purposes of a criminal investigation,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-2-d"><num>(d)</num><content>for the purposes of criminal proceedings,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-2-e"><num>(e)</num><content>for the purposes of civil proceedings under this Act, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-2-f"><num>(f)</num><content>for the purpose of protecting national security.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-3"><num>(3)</num><content>The Secretary of State may also disclose such information to an overseas public authority for the purpose of the exercise of corresponding functions of overseas public authorities.</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-4"><num>(4)</num><intro>A person who receives information under subsection (2) or (3) may not—</intro><level class="para1" eId="section-54-4-a"><num>(a)</num><content>use the information for a purpose othe

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-4-a"><num>(a)</num><content>use the information for a purpose other than the purpose for which it was disclosed, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-4-b"><num>(b)</num><content>further disclose the information,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-5"><num>(5)</num><content>Subsection (4) does not apply to information to which section 55 applies (information received from HMRC).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-6"><num>(6)</num><content>In deciding whether to disclose information under this section, the Secretary of State must consider whether the disclosure would prejudice, to an unreasonable degree, the commercial int

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-7"><num>(7)</num><intro>In deciding whether to disclose information to an overseas public authority under this section, the Secretary of State must have regard, in particular, to the following considerations—

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-7-a"><num>(a)</num><content>whether the law of the country or territory to whose authority the disclosure would be made provides protection against self-incrimination in criminal proceedings which corres

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-7-b"><num>(b)</num><content>whether the matter in respect of which the disclosure is sought is sufficiently serious to justify making the disclosure.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-8"><num>(8)</num><intro>Except as provided by section 57, the disclosure of information under this section does not breach—</intro><level class="para1" eId="section-54-8-a"><num>(a)</num><content>any oblig

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-8-a"><num>(a)</num><content>any obligation of confidence owed by the person making the disclosure, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-54-8-b"><num>(b)</num><content>any other restriction on the disclosure of information (however imposed).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-9"><num>(9)</num><intro>In this section—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-overseas-public-authority" eId="term-overseas-public-authority">overseas public authority</term>”

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(c)</num><content>an undertaking in the course of which goods or services are supplied otherwise than free of charge, and</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-body" eId="term-body">body</term>” means a body corporate, a partnership or an unincorporated association other than a partnership,</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-relevant-person" eId="term-relevant-person">relevant person</term>” means the person who made the validation application and such other persons as the Secretary of State consider

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“validation application” has the meaning given by section 16(2),</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-1-paragraph-2-1"><num>(1)</num><content>If interests or rights held by a person and interests or rights held by another person are the subject

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-qualifying-entity" eId="term-qualifying-entity">qualifying entity</term>” has the meaning given by section 7(2),</content></hcontainer>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content>a person who under the British Nationality Act 1981 is a British subject, or</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><intro>“<term refersTo="#term-overseas-public-authority" eId="term-overseas-public-authority">overseas public authority</term>” means a person in any country or territory outside the United Kingdom which appear

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55"><num>55</num><heading>Disclosure of information held by HMRC</heading><subsection eId="section-55-1"><num>(1)</num><intro>A person who receives information disclosed under section 54 by Her Majesty's Revenue and Cu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55-1"><num>(1)</num><intro>A person who receives information disclosed under section 54 by Her Majesty's Revenue and Customs (or anyone acting on their behalf) may not—</intro><level class="para1" eId="section-5

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-55-1-a"><num>(a)</num><content>use the information for a purpose other than the purpose mentioned in section 54(1), or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-55-1-b"><num>(b)</num><content>further disclose the information,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55-2"><num>(2)</num><intro>If a person discloses information in contravention of subsection (1)(b) which relates to a person whose identity—</intro><level class="para1" eId="section-55-2-a"><num>(a)</num><conten

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-55-2-a"><num>(a)</num><content>is specified in the disclosure, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-55-2-b"><num>(b)</num><content>can be deduced from it,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55-3"><num>(3)</num><intro>Except as provided by section 57, the disclosure of information under this section does not breach—</intro><level class="para1" eId="section-55-3-a"><num>(a)</num><content>any oblig

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-55-3-a"><num>(a)</num><content>any obligation of confidence owed by the person disclosing the information, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-55-3-b"><num>(b)</num><content>any other restriction on the disclosure of information (however imposed).</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-4-crossheading-cma-information"><heading>CMA information</heading><section eId="section-56"><num>56</num><headi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-56"><num>56</num><heading>Duty of CMA to provide information and assistance</heading><intro>The Competition and Markets Authority must give the Secretary of State—</intro><level class="para1" eId="section-56-a"><nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-56-a"><num>(a)</num><content>such information in its possession as the Secretary of State may by direction reasonably require to enable the Secretary of State to exercise functions under this Act,</cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-56-b"><num>(b)</num><content>any other assistance which the Secretary of State may by direction reasonably require for the purpose of facilitating the exercise by the Secretary of State of functions under t

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-4-crossheading-data-protection"><heading>Data protection</heading><section eId="section-57"><num>57</num><headi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57"><num>57</num><heading>Data protection</heading><subsection eId="section-57-1"><num>(1)</num><content>This section applies to a duty or power to disclose or use information where the duty or power is imposed or conf

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-1"><num>(1)</num><content>This section applies to a duty or power to disclose or use information where the duty or power is imposed or conferred by or under any provision of Parts 1 to 4 of this Act.</content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-2"><num>(2)</num><intro>A duty or power to which this section applies does not operate to require or authorise the disclosure or use of information if the disclosure or use—</intro><level class="para1" eId="s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-2-a"><num>(a)</num><content>would contravene the data protection legislation (but the duty or power is to be taken into account in determining whether the disclosure or use would contravene that legislat

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-2-b"><num>(b)</num><content>is prohibited by any of Parts 1 to 7 of, or Chapter 1 of Part 9 of, the Investigatory Powers Act 2016.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-3"><num>(3)</num><content>In this section “<term refersTo="#term-data-protection-legislation" eId="term-data-protection-legislation">data protection legislation</term>” has the same meaning as in the Data Protec

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-4-crossheading-minor-amendments-etc"><heading>Minor amendments, etc</heading><section eId="section-58"><num>58<

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58"><num>58</num><heading>Minor and consequential amendments and revocations</heading><content>Schedule 2 contains minor amendments and amendments and revocations which are consequential on this Act.</content></sec

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-4-crossheading-disclosure-of-information-under-the-enterprise-act-2002"><heading>Disclosure of information under th

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59"><num>59</num><heading>Overseas information disclosure</heading><content>In section 243(3)(d) of the Enterprise Act 2002, omit “3 or”.</content></section>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-4-crossheading-defamation"><heading>Defamation</heading><section eId="section-60"><num>60</num><heading>Defamat

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-60"><num>60</num><heading>Defamation</heading><content>For the purposes of the law relating to defamation, absolute privilege attaches to any notice or direction given, or decision, report or order made, by the Secreta

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-4-crossheading-annual-report"><heading>Annual report</heading><section eId="section-61"><num>61</num><heading>A

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-61"><num>61</num><heading>Annual report</heading><subsection eId="section-61-1"><num>(1)</num><intro>The Secretary of State must, in relation to each relevant period—</intro><level class="para1" eId="section-61-1-a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-61-1"><num>(1)</num><intro>The Secretary of State must, in relation to each relevant period—</intro><level class="para1" eId="section-61-1-a"><num>(a)</num><content>prepare a report in accordance with this se

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-1-a"><num>(a)</num><content>prepare a report in accordance with this section, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-1-b"><num>(b)</num><content>lay a copy of it before each House of Parliament as soon as is practicable after the end of that period.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-61-2"><num>(2)</num><intro>Each report must provide details of—</intro><level class="para1" eId="section-61-2-a"><num>(a)</num><content>the expenditure incurred by the Secretary of State in giving, or in conn

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-a"><num>(a)</num><content>the expenditure incurred by the Secretary of State in giving, or in connection with giving, financial assistance falling within section 30,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-b"><num>(b)</num><content>the amount of the actual or contingent liabilities of the Secretary of State at the end of the relevant period in respect of such financial assistance,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-c"><num>(c)</num><content>the number of mandatory notices accepted,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-d"><num>(d)</num><content>the number of mandatory notices rejected,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-e"><num>(e)</num><intro>the average number of working days—</intro><level class="para2" eId="section-61-2-e-i"><num>(i)</num><content>from receipt of a mandatory notice to notification of a deci

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-61-2-e-i"><num>(i)</num><content>from receipt of a mandatory notice to notification of a decision to accept that notice, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-61-2-e-ii"><num>(ii)</num><content>from receipt of a mandatory notice to giving written reasons for a decision to reject that notice,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-f"><num>(f)</num><content>the sectors of the economy in relation to which mandatory notices were given,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-g"><num>(g)</num><content>the number of voluntary notices accepted,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-h"><num>(h)</num><content>the number of voluntary notices rejected,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-i"><num>(i)</num><intro>the average number of working days—</intro><level class="para2" eId="section-61-2-i-i"><num>(i)</num><content>from receipt of a voluntary notice to notification of a deci

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-61-2-i-i"><num>(i)</num><content>from receipt of a voluntary notice to notification of a decision to accept that notice, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-61-2-i-ii"><num>(ii)</num><content>from receipt of a voluntary notice to giving written reasons for a decision to reject that notice,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-j"><num>(j)</num><content>the sectors of the economy in relation to which voluntary notices were given,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-k"><num>(k)</num><content>the number of call-in notices given,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-l"><num>(l)</num><content>the sectors of the economy in relation to which call-in notices were given,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-m"><num>(m)</num><content>the number of final notifications given,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-n"><num>(n)</num><content>the number of final orders made,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-o"><num>(o)</num><content>the number of final orders varied,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-2-p"><num>(p)</num><content>the number of final orders revoked.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-61-3"><num>(3)</num><intro>“<term refersTo="#term-relevant-period" eId="term-relevant-period">Relevant period</term>” means—</intro><level class="para1" eId="section-61-3-a"><num>(a)</num><content>the period

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-3-a"><num>(a)</num><content>the period beginning with the day on which this section comes into force and ending with the following 31 March, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-3-b"><num>(b)</num><content>each subsequent period of 12 months.</content></level>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-5"><num>PART 5</num><heading>Final provisions</heading><section eId="section-62"><num>62</num><

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62"><num>62</num><heading>Transitional and saving provision in relation to the Enterprise Act 2002</heading><subsection eId="section-62-1"><num>(1)</num><content>Nothing in this Act has effect in relation to anything t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-1"><num>(1)</num><content>Nothing in this Act has effect in relation to anything that took place before 12 November 2020.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-2"><num>(2)</num><content>Subsections (3) and (4) apply in relation to events which constitute a trigger event described in section 2(4), unless any action has been taken under this Act in relation to the events.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-3"><num>(3)</num><intro>If, disregarding the effect of any amendment made by this Act to the Enterprise Act 2002, the Secretary of State could, in relation to the events—</intro><level class="para1" eId="sect

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-3-a"><num>(a)</num><content>give an intervention notice under section 42(2) of that Act,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-3-b"><num>(b)</num><content>give a special intervention notice under section 59(2) of that Act, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-3-c"><num>(c)</num><content>give a European intervention notice under section 67(2) of that Act,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-4"><num>(4)</num><intro>If any such notice is given in relation to events to which this section applies—</intro><level class="para1" eId="section-62-4-a"><num>(a)</num><content>before the day on which this

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-4-a"><num>(a)</num><content>before the day on which this section comes into force, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-4-b"><num>(b)</num><content>by virtue of subsection (3), on or after the day on which this section comes into force,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-5"><num>(5)</num><content>Regulations under section 66(4)(b) may make further provision for the purposes of this section.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63"><num>63</num><heading>Regulations under this Act</heading><subsection eId="section-63-1"><num>(1)</num><content>This section applies to regulations under this Act other than regulations under section 66 (commenceme

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-1"><num>(1)</num><content>This section applies to regulations under this Act other than regulations under section 66 (commencement regulations).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-2"><num>(2)</num><content>Regulations are to be made by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-3"><num>(3)</num><content>Regulations may contain consequential, transitional, transitory or saving provision.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-4"><num>(4)</num><content>Subject to subsection (5), a statutory instrument containing regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-5"><num>(5)</num><intro>A statutory instrument containing (whether alone or with other provision) regulations under any of the following may not be made unless a draft of it has been laid before Parliament and ap

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-5-a"><num>(a)</num><content>section 6(1),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-5-b"><num>(b)</num><content>section 11(3),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-5-c"><num>(c)</num><content>section 41(8).</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64"><num>64</num><heading>Financial provision</heading><content>Any expenditure incurred by the Secretary of State under or by virtue of this Act is to be paid out of money provided by Parliament.</content></sectio

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-65"><num>65</num><heading>Interpretation</heading><intro>In this Act—</intro><hcontainer

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-territorial-sea" eId="term-the-territorial-sea">the territorial sea</term>” means the territorial sea adjacent to the United Kingdom,</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7"><heading>Rights treated as held by person who controls their exercise</heading><paragraph eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-1-paragraph-5-1">

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-1-paragraph-5-1"><num>(1)</num><content>Where a person controls a right, the right is to be treated as held by that person (and not by the pers

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content>Two or more persons who are connected with each other (within the meaning given by paragraph 9 or 10) are each to be treated as holding the combined interests or

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-1-paragraph-9-1"><num>(1)</num><content>Two or more undertakings are connected if they are group undertakings in respect of each other.</co

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-1-paragraph-10-1"><num>(1)</num><intro>An individual, A, is connected with another individual, B, if—</intro><level class="para1" eId="sc

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-trigger-event" eId="term-trigger-event">trigger event</term>” has the meaning given by section 5(1) and includes, where the context requires, a trigger event that has not yet tak

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content>correspond to the functions of the Secretary of State under this Act, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content>an undertaking which is carried on for gain or reward,</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66"><num>66</num><heading>Short title, commencement and extent</heading><subsection eId="section-66-1"><num>(1)</num><content>This Act may be cited as the National Security and Investment Act 2021.</content></subse

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66-1"><num>(1)</num><content>This Act may be cited as the National Security and Investment Act 2021.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66-2"><num>(2)</num><intro>This Part of this Act and the following provisions of this Act (which contain powers to make regulations) come into force on the day on which this Act is passed—</intro><level class="p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-2-a"><num>(a)</num><content>section 6(1),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-2-b"><num>(b)</num><content>section 11(3),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-2-c"><num>(c)</num><content>section 14(4),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-2-d"><num>(d)</num><content>section 16(3),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-2-e"><num>(e)</num><content>section 18(4),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-2-f"><num>(f)</num><content>section 36(5),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-2-g"><num>(g)</num><content>section 41(8),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-2-h"><num>(h)</num><content>section 53(1).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66-3"><num>(3)</num><content>The rest of this Act comes into force on such day as the Secretary of State may by regulations made by statutory instrument appoint.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66-4"><num>(4)</num><intro>Regulations under subsection (3) may—</intro><level class="para1" eId="section-66-4-a"><num>(a)</num><content>appoint different days for different purposes;</content></level><le

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-4-a"><num>(a)</num><content>appoint different days for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-4-b"><num>(b)</num><content>make transitional, transitory or saving provision.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66-5"><num>(5)</num><content>This Act extends to England and Wales, Scotland and Northern Ireland, except that the amendment or repeal of any enactment has the same extent as the enactment amended or repealed.</

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedules"><heading>SCHEDULES</heading><hcontainer name="schedule" eId="schedule-1"><num>SCHEDULE 1<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-1"><num>SCHEDULE 1<authorialNote class="referenceNote"> Section 10</authorialNote></num><heading>Trigger events: holding of inter

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-seller" eId="term-seller">seller</term>”, in relation to a trigger event, means a person who has ceded control of the qualifying entity or a qualifying asset (or in relation to a

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><content>If two or more persons each hold an interest or right jointly, each of them is treated as holding that interest or right.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><content>An interest held by a person as nominee for another is to be treated as held by the other (and not by the nominee).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><intro>Rights attached to shares held by way of security provided by a person are to be treated as held by that person—</intro><level class="para1" eId="schedule-1-par

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-7-a"><num>(a)</num><content>where apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in accordanc

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-7-b"><num>(b)</num><content>where the shares are held in connection with the granting of loans as part of normal business activities and apart from the right to exercise them for the purpose of

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-12" class="schProv1"><num>12</num><subparagraph eId="schedule-1-paragraph-12-1"><num>(1)</num><intro>In this Schedule “<term refersTo="#term-arrangement" eId="term-arrangement">arrangement</term>” inclu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-joint-interests"><heading>Joint interests</heading><paragraph eId="schedule-1-paragraph-1" c

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-joint-arrangements"><heading>Joint arrangements</heading><paragraph eId="schedule-1-paragrap

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7"><heading>Indirect holdings</heading><paragraph eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num>(1)</num><content>An interest or ri

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num>(1)</num><content>An interest or right held indirectly by a person is to be treated as held by the person.</content><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-1-paragraph-6-1"><num>(1)</num><intro>Rights that are exercisable by a person only in certain circumstances are to be treated as held by the pe

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-indirect-holdings"><heading>Indirect holdings</heading><paragraph eId="schedule-1-paragraph-

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-interests-held-by-nominees"><heading>Interests held by nominees</heading><paragraph eId="sch

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-rights-treated-as-held-by-person-who-controls-their-exercise"><heading>Rights treated as held by

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-rights-exercisable-only-in-certain-circumstances-etc"><heading>Rights exercisable only in certai

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-rights-attached-to-shares-held-by-way-of-security"><heading>Rights attached to shares held by wa

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-connected-persons"><heading>Connected persons</heading><paragraph eId="schedule-1-paragraph-

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-1-paragraph-11-1"><num>(1)</num><content>Two or more persons who share a common purpose in relation to an asset or entity are each to be trea

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-common-purpose"><heading>Common purpose</heading><paragraph eId="schedule-1-paragraph-11" cl

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-arrangements"><heading>Arrangements</heading><paragraph eId="schedule-1-paragraph-12" class=

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-2"><num>SCHEDULE 2<authorialNote class="referenceNote"> Section 58</a

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><content>The Enterprise Act 2002 is amended in accordance with paragraphs 2 to 10.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-2-paragraph-2-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><content>Omit section 23A.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><content><mod>In section 35(7) (questions to be decided in relation to completed mergers), for “, for the purposes of section 23(2)(b), the share of supply test is met,”

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-5" class="schProv1"><num>5</num><content><mod>In section 36(6) (questions to be decided in relation to anticipated mergers), for “, for the purposes of section 23(2)(b), the share of supply test will be

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-6" class="schProv1"><num>6</num><content><mod>In section 48(3) (cases where references or certain questions need not be decided), for “, for the purposes of section 23(2)(b), the share of supply test is

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><content>In section 58 (specified considerations), omit subsections (1) and (2).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-8" class="schProv1"><num>8</num><content>In section 59 (intervention by Secretary of State in special public interest cases), omit subsections (3)(b)(i), (3B), (8) and (9).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-9" class="schProv1"><num>9</num><content>In section 153 (specified considerations), omit subsection (2).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-10" class="schProv1"><num>10</num><content>In paragraph 20(1) of Schedule 8 (national security) omit “(within the meaning of section 58(1))”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-11" class="schProv1"><num>11</num><intro>In consequence of the preceding paragraphs, the following are revoked—</intro><level class="para1" eId="schedule-2-paragraph-11-a"><num>(a)</num><content>t

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-11-a"><num>(a)</num><content>the Enterprise Act 2002 (Share of Supply Test) (Amendment) Order 2018 (S.I. 2018/578),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-11-b"><num>(b)</num><content>the Enterprise Act 2002 (Turnover Test) (Amendment) Order 2018 (S.I. 2018/593),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-11-c"><num>(c)</num><content>the Enterprise Act 2002 (Share of Supply) (Amendment) Order 2020 (S.I. 2020/748), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-11-d"><num>(d)</num><content>the Enterprise Act 2002 (Turnover Test) (Amendment) Order 2020 (S.I. 2020/763).</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="schedules" eId="schedules"><heading>SCHEDULES</heading><hcontainer name="schedule" eId="schedule-1">