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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,...

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England and Wales Civil Procedure: November 2017 Practice Direction updates (92nd–93rd), Business and Property Courts reforms and electronic bills of costs (archived)

Practice notes
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ARCHIVED:

This Practice Note is archived, not maintained, and provided solely for background information. Certain links may no longer point to the provisions as they stood on the date this guidance was issued. For details of earlier and/or later amendments to the CPR, see: CPR updates—overview and Procedure Rule Committee minutes—overview. Copies of both update documents, along with additional materials concerning the bill of Costs, are available in the recommended documents section.

When do the changes come into force?

The two Making documents took effect on the following dates:

  • 92nd update: 21 November 2017
  • 93rd update: 22 November 2017

92nd update—Practice Direction 4 (forms)

References to the ‘Mercantile Court’ are replaced with ‘Circuit Commercial Court’. Under Writs and Warrants, Form PF 93: Application for permission to issue a writ of possession (rule 83.13) is introduced.

92nd update—Practice Direction 5B (communication and filing of documents by email)

Mentions of the ‘Mercantile Court’ are to be substituted with ‘Circuit Commercial Court’.

92nd update—Practice Direction 7A (how to start proceedings—the claim form)

CPR PD 7A, paragraph 2.5 has been substituted...

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