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National Security and Investment Act 2021

Part 5: Final Provisions

Section 62: Transitional and saving provision in relation to the Enterprise Act 2002

  1. Section 62 is a transitional provision concerning trigger events which take place after the introduction of this Act but before commencement. It provides for the Secretary of State’s powers of intervention under sections 42, 59 and 67 of the Enterprise Act 2002 to continue to apply to these trigger events after commencement. However, these powers do not continue to apply to a trigger event if any action is taken in relation to it under this Act.

Section 63: Regulations under this Act

  1. Section 63 makes provision in relation to the regulations that may be made by the Secretary of State under the Act.

Section 64: Financial provision

  1. Section 64 deals with the further financial provision necessary as a result of the Act.

Section 65: Interpretation

  1. Section 65 sets out definitions for terms used in the Act.

Section 66: Short title, commencement and extent

  1. Section 66 provides for the short title, commencement and extent of the Act.
  2. Subsection (2) provides for certain specified provisions of the Act to come into force on the day the Act is passed.
  3. Subsection (3) provides that the other provisions of the Act are to come into force on such day as the Secretary of State may by regulations appoint.
  4. Subsection (4) provides that regulations under subsection (3) may appoint different days for different purposes, or make transitional, transitory or saving provision.
  5. Subsection (5) provides that any amendment or repeal made by the Act has the same extent as the enactment to which it relates and that, subject to that, the provisions of the Act will extend throughout the United Kingdom.

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