The Trump administration has moved to exempt investors from the UK, Australia and Canada from some of its tough new restrictions on foreign investment, in final rules connected to the measures due to take effect next month.
The Treasury department said on Monday that transactions involving buyers from the three US allies would avoid scrutiny from the inter-agency Committee on Foreign Investment for certain deals in the property sector and those involving non-controlling stakes.
The reprieve from Cfius review for deals involving the UK, Australia and Canada was motivated by their “robust intelligence-sharing and defence industrial base integration mechanisms with the US”.
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