Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

Post-Brexit UK AIFMD regime: onshoring changes, FCA Handbook amendments, marketing by UK and EEA AIFMs, temporary permissions, NPPR and transitional powers—practitioner quick guide

Published by a LexisNexis Financial Services expert

Practice notes

This brexit alternative investment fund managers Directive 2011/61/EC (AIFMD) quick guide outlines the UK legislation and retained EU measures affecting alternative investment fund managers (AIFMs) that are amended and/or revoked by the Alternative Investment Fund Managers (Amendment etc.) (EU exit) Regulations 2019, SI 2019/328 (the AIFMD Exit Regulations), together with other instruments operative at the end of the implementation period after the UK’s departure from the EU, and the related updates to Financial Conduct Authority (FCA) rules and guidance. The summary below explains the framework for onshoring EU requirements for AIFMs post-Brexit implementation period. For additional, practical material on Brexit readiness for asset managers and investment funds, including the consequences for AIFM delegation, see Practice Note: Impact of Brexit on asset managers and investment funds [Archived]...

Overview of onshored and preserved EU-derived law post IP-completion day

The AIFMD Exit Regulations sit within HM Treasury’s suite of statutory instruments (SIs) made under the European Union (Withdrawal) Act 2018 (EU(W)A 2018) to address no-deal contingency planning. They contribute to the ‘onshoring’ of EU law so that the domestic statute book functions effectively and legal continuity is maintained following the UK’s exit from the EU...

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Web page updated on 21/05/2026

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