Background: Overview of the National Security and Investment Regime National Security and Investment framework
The National Security and Investment regime replaces the Secretary of State’s ability to scrutinise mergers which give rise to a national security consideration under the Enterprise Act 2002.
	The Act provides powers for the Secretary of State to scrutinise and, where necessary, impose proportionate remedies on specific acquisitions of control of qualifying entities and assets. It also sets out a statutory process for the exercise of these powers.
	The Secretary of State may scrutinise specific acquisitions of control of qualifying entities and assets by issuing "call-in notices". The acquisitions which are within scope of this function are collectively known as "trigger events". The Secretary of State may issue a call-in notice up to 5 years after a trigger event has taken place, so long as that 5 years does not reach back before 12 November 2020 (the first day after the Bill was introduced in Parliament).
	The Act provides for the Secretary of State to publish a statement setting out how he or she expects to exercise the call-in power. The Secretary of State will not be able to call in any trigger events until such a statement has been published. Nothing in the statement will limit the Secretary of State’s exercise of the call-in power.