National Security and Investments Act 2021: Difference between revisions
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imported>Doug Williamson (Create page - source - ACT Slaughter & May Borrower's Guide to the LMA Investment Grade Agreements.p106) |
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:"The NSIA is engaged where a relevant 'investment' takes place. This includes acquisitions of relevant shares or assets. | :"The NSIA is engaged where a relevant 'investment' takes place. This includes acquisitions of relevant shares or assets. | ||
:However, it extends also to ordinary secured financings, if the security assets include shares | :However, it extends also to ordinary secured financings, if the security assets include shares in relevant entities. | ||
in relevant entities. | |||
:Depending on the nature of the security arrangement (see further below), a notification under the NSIA may be required when the security is taken, or at the point of enforcement. | :Depending on the nature of the security arrangement (see further below), a notification under the NSIA may be required when the security is taken, or at the point of enforcement. | ||
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==Other resource== | ==Other resource== | ||
*[https://www.treasurers.org/best-practice/borrowers-guide-LMA-investment-grade-agreements The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements] | |||
* [https://www.treasurers.org | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 00:13, 18 November 2022
Sanctions - national security - secured financing - UK.
(NSIA).
The UK's National Security and Investments Act empowers the relevant government minister to review - and if necessary intervene - in investments that may give rise to a risk to national security.
- NSIA potentially relevant to all acquisition financings and all secured financings
- "The NSIA is engaged where a relevant 'investment' takes place. This includes acquisitions of relevant shares or assets.
- However, it extends also to ordinary secured financings, if the security assets include shares in relevant entities.
- Depending on the nature of the security arrangement (see further below), a notification under the NSIA may be required when the security is taken, or at the point of enforcement.
- Accordingly, the application of the NSIA must be considered in relation to all acquisition financings and also in relation to secured financings where the security package includes security over relevant shares."
- The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 6th edition - 2022 - p106.
See also
- An introduction to loan finance
- Documentation
- Documentation risk
- Facility
- Investment
- Investment Grade Agreements
- Loan agreement
- Loan market
- Loan Market Association (LMA)
- National security
- OFAC
- Office of Financial Sanctions Implementation (OFSI)
- RFR templates
- Sanctions
- Secured
- Security
- Share
