Investment Canada Act (R.S.C., 1985, c. 28 (1st Supp.))

Marginal note:Notice

• 25.2 (1) If the Minister has reasonable grounds to believe that an investment by a non-Canadian could be injurious to national security, the Minister may, within the prescribed period, send to the non-Canadian a notice that an order for the review of the investment may be made under subsection 25.3(1).

• Marginal note:Condition for investment

  (2) If a non-Canadian has not implemented a proposed investment when they receive a notice under subsection (1), they shall not implement the investment unless they receive

  • (a) a notice under subsection (4);

  • (b) a notice under paragraph 25.3(6)(b) or (c); or

  • (c) a copy of an order made under section 25.4 authorizing the investment to be implemented.

• (3) [Repealed, 2024, c. 4, s. 14]

• Marginal note:Notice

  (4) If the Minister, after the consultation referred to in subsection 25.3(1), does not consider that the investment could be injurious to national security, the Minister shall, within the prescribed period, send to the non-Canadian a notice indicating that consideration of the investment is complete and that no order will be made under that subsection.