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,...

UK post-Brexit securitisation: retained EU law onshored, STS recognition, sponsor definition, due diligence and risk retention changes, supervisory transfers, repositories and temporary transitional powers

Published by a LexisNexis Financial Services expert

Practice notes

This concise note sets out the UK legislation and retained EU law that has been amended and/or revoked by the Securitisation (Amendment) (EU Exit) Regulations 2019, SI 2019/660 (Securitisation Exit Regulations) and other instruments at the end of the implementation period following UK’s departure from the EU. Changes to the Securitisation Exit Regulations are effected by the Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019, SI 2019/680, the Financial Services (Miscellaneous) (Amendment) (EU Exit) (No. 3) Regulations 2019, SI 2019/1390, the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations (No 2) 2019, SI 2019/1416, the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2020, SI 2020/646, and the Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020, SI 2020/1301.

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

Securitisation Exit Regulations were laid on 25 March 2019. This statutory instrument (SI) formed part of HM Treasury’s programme of SIs under the European Union (Withdrawal) ACT 2018 (EU(W)A 2018), addressing contingency planning for a no-deal Brexit. The Securitisation Exit Regulations constitute an element of the process of domesticating EU...

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Web page updated on 22/05/2026

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