# National Security and Investment Act 2021, Paragraph 2


(1) Section 23 (relevant merger situations) is amended as follows.
(2) For subsections (1) and (2) substitute—
“(1) For the purposes of this Part, a relevant merger situation has been created if—
(a) two or more enterprises have ceased to be distinct enterprises at a time or in circumstances falling within section 24; and
(b) the value of the turnover in the United Kingdom of the enterprise being taken over exceeds £70 million.
(2) For the purposes of this Part, a relevant merger situation has also been created if—
(a) two or more enterprises have ceased to be distinct enterprises at a time or in circumstances falling within section 24; and
(b) as a result, one or both of the conditions mentioned in subsections (3) and (4) below prevails or prevails to a greater extent.”
(3) Omit subsections (2A), (4A) and (4B).
(4) In subsection (5), for “(3), (4), (4A) or (4B)” substitute “ (3) or (4) ”.
(5) In subsection (6), for “(3), (4), (4A) and (4B)” substitute “ (3) and (4) ”.
(6) Omit subsection (10).

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Source: https://www.legislation.gov.uk/ukpga/2021/25/schedule/2/paragraph/2 (the official version)
Page: https://openlegislation.uk/national-security-and-investment-act-2021/schedule-2/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.