Investment Canada Act

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 paragraph (4)(a) indicating that no order for the review of the investment will be made under subsection 25.3(1);

  • (b) a notice under paragraph 25.3(6)(b) indicating that no further action will be taken in respect of the investment; or

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

• Marginal note:Requirement to provide information

  (3) The Minister may require the non-Canadian or any person or entity from which the Canadian business or the entity referred to in paragraph 25.1(c) is being acquired to provide, within the time and in the manner specified by the Minister, any prescribed information or any other information that the Minister considers necessary for the purposes of determining whether there are reasonable grounds to believe that an investment by a non-Canadian could be injurious to national security.

• Marginal note:Ministerial action

  (4) The Minister shall send to the non-Canadian

  • (a) a notice, which shall be sent within the prescribed period, indicating that no order for the review of the investment will be made under subsection 25.3(1); or

  • (b) a notice referred to in subsection 25.3(2) indicating that an order for the review of the investment has been made.