Screening of Third Country Transactions Act 2023
|
Limitation on transaction under review | ||
|
17. (1) Where a screening notice is issued in relation to a transaction, the transaction shall not be completed, and the parties to the transaction shall not take any action for the purpose of completing or furthering the transaction, from the date on which the screening notice is issued until— | ||
(a) in the case of a transaction in respect of which a screening decision is made to the effect that the transaction has not affected, or would not be likely to affect, the security or public order of the State, the date of that decision, or | ||
(b) in the case of a transaction in respect of which a screening decision is made to the effect that the transaction affects, or would be likely to affect, the security or public order of the State, the date (if any) directed by the Minister for those purposes under section 18 . | ||
(2) A person who fails to comply with subsection (1) shall be guilty of an offence. |