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National Security and Investment Act 2021

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This is the original version (as it was originally enacted).

2Further provision about call-in notices

This section has no associated Explanatory Notes

(1)No more than one call-in notice may be given in relation to each trigger event.

(2)Subject to subsections (3) and (4), a call-in notice given on the grounds mentioned in section 1(1)(a)—

(a)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

(b)may not be given after the end of the period of 5 years beginning with the day on which the trigger event took place.

(3)Subsection (2)(b) does not apply where the trigger event is one in relation to which section 13(1) has effect.

(4)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 mentioned in section 1(1)(a)—

(a)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,

(b)if the Secretary of State became aware of the trigger event on or after commencement day—

(i)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

(ii)may not be given after the end of the period of 5 years beginning with commencement day.

(5)In this section “commencement day” means the day on which this section comes into force.

(6)This section is subject to section 22 (and see section 62).

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