Lower merger thresholds for certain national security markets enter into force

Article summary

The Enterprise Act 2002 (Share of Supply Test) Amendment Order 2020, SI 2020/748 and Enterprise Act 2002 (Turnover Test) Amendment Order 2020, SI 2020/736 have entered into force on 21 July 2020. These two SIs essentially introduce lower notification thresholds in the UK for certain sectors impacting national security, namely artificial intelligence, cryptographic authentication and advanced materials. The Department for Business, Energy & Industrial Strategy (BEIS) has also published guidance to accompany SI 2020/748 and SI 2020/736.