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The National Security and Investment Act 2021 (Notifiable Acquisition) (Specification of Qualifying Entities) Regulations 2021

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The National Security and Investment Act 2021 (Notifiable Acquisition) (Specification of Qualifying Entities) Regulations 2021 No. 1264

Interpretation

This section has no associated Explanatory Memorandum

1.  In this Schedule—

“basic scientific research” means experimental or theoretical work undertaken principally to acquire new knowledge of the fundamental principles of phenomena or observable facts and not primarily directed towards a specific practicable aim or objective;

“medicine” means—

(i)

any substance or combination of substances presented as having properties of preventing or treating disease in human beings or animals;

(ii)

any substance or combination of substances that may be used by or administered to human beings or animals with a view to—

(aa)

restoring, correcting or modifying a physiological function by asserting a pharmacological, immunological or metabolic action;

(bb)

making a medical diagnosis;

“services” means routine synthetic biology processes that are outsourced to specialist providers for completion before being re-integrated into the original work stream to assemble into an experiment or goods, including making a specific strand of DNA or running a proprietary algorithm on a dataset.

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