Source · Select Committees · Foreign Affairs Committee
Third Report - Sovereignty for sale: the FCDO’s role in protecting strategic British assets
Foreign Affairs Committee
HC 197
Published 14 July 2021
Government response
Fourth Special Report - Government response to the Committee's Third Report: Sovereignty for sale: the FCDO's role in protecting strategic British assets · published 25 Oct 2021
Recommendations & Conclusions
3
Recommendation
Acknowledged
Para 27
It is vital that there is continuous monitoring of the investment and technology landscapes to...
Recommendation
It is vital that there is continuous monitoring of the investment and technology landscapes to catch non-notified transactions, as well as monitoring for changes to board compositions or ownership models, which may not serve the UK’s security interests, after the …
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Government Response Summary
The government agrees that regular market monitoring to identify national security concerns should be a key part of the new regime but does not detail specific additional monitoring mechanisms or multi-departmental inputs.
Foreign, Commonwealth & Development Office
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4
Recommendation
Acknowledged
Para 28
Ongoing monitoring of the global technology landscape by the FCDO should inform any future changes,...
Recommendation
Ongoing monitoring of the global technology landscape by the FCDO should inform any future changes, as needed, to (a) the sectors subject to mandatory notification under the National Security and Investment Bill, and (b) the factors to be taken into …
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Government Response Summary
The government noted the recommendation, stating FCDO will be involved in future revisions of mandatory notification regulations to keep pace with technological changes but did not commit to FCDO's ongoing monitoring proactively informing changes or reporting on it in the annual report.
Foreign, Commonwealth & Development Office
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