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Disclaimer: This is not legal advice. Legislation and case law change. Always consult a qualified solicitor for your specific situation.

UK Law Reference
All sections of National Security and Investment Act 2021
2021 c. 25, s.32

Section 32 — Offence of completing notifiable acquisition without approval

This version in force from 2022-01-04

Snapshot: 2026-08-24

Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .

(1) A person who, pursuant to a notifiable acquisition, gains control in circumstances falling within section 6(2) commits an offence if, without reasonable excuse, that person completes the notifiable acquisition without the approval of the Secretary of State in one of the ways mentioned in section 13(2).

(2) Subsection (1) applies even if a call-in notice or a validation notice has been given in relation to the notifiable acquisition.

(3) An offence is committed under this section notwithstanding the effect of section 13(1).