Minority corporate venturing investments in the UK could be caught by forthcoming regulation if they bring 'control' in sensitive sectors.
The UK government has completed its switch-on moment for the National Security Investment Act coming into force next month.
Hosted by David and Michael at the Institute of Chartered Accountants in England and Wales (ICAEW), UK peer Lord Callanan explained the rationale behind the move, which will affect deals in 17 core sectors that might impact UK national security, similar to approval rules in the United States (CFIUS), Germany, Australia and Canada.
Chris Blairs from the UK ministry running the…
