Examples of NSI Act in a sentence
No Obligor may make a notifiable acquisition for the purposes of the NSI Act, or enter into any other transaction that could reasonably be expected to be subject to review under the NSI Act, unless the Secretary of State has approved that notifiable acquisition or other transaction (as the case may be) in accordance with the NSI Act by giving notice that no further action will be taken under the NSI Act in relation to it.
No Original Obligor has made, or been the subject of, a "notifiable acquisition" for the purposes of the NSI Act or entered into or been the subject of any other transaction that could reasonably be expected to be subject to review under the NSI Act, save where any required consent of the Secretary of State or any other person has been obtained and all applicable provisions of the NSI Act have otherwise been complied with.
Under the UKRI principles the Contractor is expected to have robust arrangements for: assessment of partner suitability management of information and knowledge sharing management of commercial applications including intellectual property compliance with any relevant controls as explained in the Export Controls Joint Unit pages The Contractor must also comply with the requirements stated in The National Security and Investment (NSI) Act 2021 and the statutory UK Strategic Export Control Lists.
The only paragraphs which are plainly different from the NSI Act are: • paragraph (a), which enables the Court to consider the mere fact that the information was disclosed on condition that it be treated as confidential information; and • paragraph (h) – a power to prescribe addition matters in regulations.
Where the Parties consider this Agreement meets the criteria for a notifiable acquisition under the NSI Act, they will agree which Party is appropriate to make the voluntary submission, with both Parties assisting each other to ensure compliance and complete the submission if either party wants to make a notification.