PART 1

Call-in for national security
CHAPTER 1

Call-in power

Statement about exercise of call-in power
3
1
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.
2
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.
3
The statement may include, in particular—
a
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,
b
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
c
details of factors that the Secretary of State expects to take into account when deciding whether or not to exercise the power.
4
The Secretary of State must review a statement published under this section at least once every 5 years.
5
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 in relation to the original statement.
6
Nothing in a statement published under this section affects the power of the Secretary of State to make notifiable acquisition regulations (see section 6).
S. 3 in force at 1.7.2021 by S.I. 2021/788, reg. 2(a)