Modifications etc. (not altering text)
C1Schs. 7, 8: functions made exercisable concurrently (3.5.2023) by The Secretaries of State for Energy Security and Net Zero, for Science, Innovation and Technology, for Business and Trade, and for Culture, Media and Sport and the Transfer of Functions (National Security and Investment Act 2021 etc) Order 2023 (S.I. 2023/424), arts. 1(2), 15(2) (with arts. 16(5)(6), 17)
6(1)Sub-paragraph (2) applies where—U.K.
(a)the Secretary of State has the power to make an order under paragraph 5 in relation to a particular undertaking and intends to make such an order; or
(b)the Secretary of State has the power to make an order under paragraph 10 in relation to a particular undertaking and intends to make such an order.
(2)The Secretary of State may, for the purpose of preventing any action which might prejudice the making of that order, make an order under this paragraph.
(3)No order shall be made under sub-paragraph (2) unless the Secretary of State has reasonable grounds for suspecting that it is or may be the case that action which might prejudice the making of the order under paragraph 5 or (as the case may be) 10 is in progress or in contemplation.
(4)An order under sub-paragraph (2) may—
(a)prohibit or restrict the doing of things which the Secretary of State considers would prejudice the making of the order under paragraph 5 or 10;
(b)impose on any person concerned obligations as to the carrying on of any activities or the safeguarding of any assets;
(c)provide for the carrying on of any activities or the safeguarding of any assets either by the appointment of a person to conduct or supervise the conduct of any activities (on such terms and with such powers as may be specified or described in the order) or in any other manner;
(d)do anything which may be done by virtue of paragraph 19 of Schedule 8.
(5)An order under this paragraph shall come into force at such time as is determined by or under the order.
(6)An order under this paragraph shall, if it has not previously ceased to be in force, cease to be in force on—
(a)the coming into force of an order under paragraph 5 or (as the case may be) 10 in relation to the undertaking concerned; or
(b)the making of the decision not to proceed with such an order.
(7)The Secretary of State shall, as soon as reasonably practicable, consider any representations received by him in relation to varying or revoking an order under this paragraph.
[F1(8)In this paragraph, “Secretary of State” includes the Chancellor of the Duchy of Lancaster.]
Textual Amendments
F1Sch. 7 para. 6(8) inserted (3.5.2023) by The Secretaries of State for Energy Security and Net Zero, for Science, Innovation and Technology, for Business and Trade, and for Culture, Media and Sport and the Transfer of Functions (National Security and Investment Act 2021 etc) Order 2023 (S.I. 2023/424), art. 1(2), Sch. para. 10(10) (with art. 17)