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Call for evidence

The FCDO’s role in blocking foreign asset stripping in the UK

The Committee welcomes written evidence on:

• What role should the FCO play in guiding UK Government decisions on intervening in foreign takeovers of UK companies, where there may be national security risks?

• How does the FCO assess whether a potentially hostile party is seeking to secure significant influence or control over a UK company?

• In what circumstances should the FCO seek to intervene in decisions on takeovers on the grounds of the impact on bilateral relations or the UK’s geopolitical interests?

• What safeguards are required in the forthcoming National Security and Investment Bill to ensure that the FCO has a full role in the decision-making process in relation to interventions?