National Security and Investment Act 2021
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Change 1
25 Interim orders
(1) The Secretary of State may, during the assessment period in relation to a call-in notice, make an order if the Secretary of State reasonably considers that the provisions of the order are necessary and proportionate for the purpose of preventing or reversing pre-emptive action, or mitigating its effects. (2) In subsection (1), “pre-emptive action” means action which might prejudice the exercise of the Secretary of State's functions under this Act in relation to the call-in notice. (3) An order under subsection (1) is referred to in this Act as an “interim order”. (4) An interim order may include— (a) provision requiring a person, or description of person, to do, or not to do, particular things, (b) provision for the appointment of a person to conduct or supervise the conduct of activities on such terms and with such powers as may be specified or described in the order, (c) provision requiring a person, or description of person, not to disclose the contents of the order except to the extent permitted by the order, (d) consequential, supplementary or incidental provision. (5) Provision made by or under an interim order may extend to a person's conduct outside the United Kingdom or the territorial sea only if the person is— (a) a United Kingdom national, (b) an individual ordinarily resident in the United Kingdom, (c) a body incorporated or constituted under the law of any part of the United Kingdom, or (d) carrying on business in the United Kingdom. (6) An interim order comes into force at such time as is determined by or under the order. (7) An interim order ceases to have effect at the earliest of— (a) the giving of a final notification or the coming into force of a final order in relation to the call-in notice, (b) such time as is determined by or under the order, (c) such time as it is revoked.
25 Interim orders
(1) The Secretary of State may, during the assessment period in relation to a call-in notice, make an order if the Secretary of State reasonably considers that the provisions of the order are necessary and proportionate for the purpose of preventing or reversing pre-emptive action, or mitigating its effects. (2) In subsection (1), “pre-emptive action” means action which might prejudice the exercise of the Secretary of State's functions under this Act in relation to the call-in notice. (3) An order under subsection (1) is referred to in this Act as an “interim order”. (4) An interim order may include— (a) provision requiring a person, or description of person, to do, or not to do, particular things, (b) provision for the appointment of a person to conduct or supervise the conduct of activities on such terms and with such powers as may be specified or described in the order, (c) provision requiring a person, or description of person, not to disclose the contents of the order except to the extent permitted by the order, (d) consequential, supplementary or incidental provision. (5) Provision made by or under an interim order may extend to a person's conduct outside the United Kingdom or the territorial sea only if the person is— (a) a United Kingdom national, (b) an individual ordinarily resident in the United Kingdom, (c) a body incorporated or constituted under the law of any part of the United Kingdom, or (d) carrying on business in the United Kingdom. (6) An interim order comes into force at such time as is determined by or under the order. (7) An interim order ceases to have effect at the earliest of— (a) the giving of a final notification or the coming into force of a final order in relation to the call-in notice, (b) such time as is determined by or under the order, (c) such time as it is revoked.
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