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United Kingdom
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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,...

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Decision-making and governance in Northern Ireland: devolution, power-sharing and cross-community voting, Secretary of State powers, governance without ministers, and Brexit impacts including the Protocol and Windsor Framework

Practice notes
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How has decision making in Northern Ireland been carried out since the passing of the Northern Ireland ACT 1998?

To answer this, recall the wider devolution framework for Northern Ireland. The Belfast Agreement envisaged not just a Northern Ireland Assembly, but also the creation of a North/South Ministerial Council and a British-Irish Council.

Under the Northern Ireland Act 1998 (NIA 1998), law-making for specified ‘transferred matters’ is vested in the Assembly. ‘Excepted matters’ remain the responsibility of the UK Parliament, while ‘reserved matters’ also stay there pending potential devolution at a later stage. As an illustration, policing and justice were in the reserved category until their devolution to the Assembly in 2010. See also Practice Note: The mechanics of devolution.

Although an Assembly met in shadow form from 1998, full operation began in late 1999. It was then suspended for several months in 2000, on two separate occasions in 2001, for an extended period from October 2002 to May 2007, and again between...

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Brice Dickson
Prof Brice Dickson

I have worked as a legal academic for most of my career, becoming a professor in 1991, but I have also taken time out to work at board level for public bodies such as the Equal Opportunities Commission for Northern Ireland, the Northern Ireland Human Rights Commission, the Northern Ireland Policing Board and the Independent Commission for Reconciliation and Information Recovery. I have also been active in NGOs such as the Committee on the Administration of Justice in Northern Ireland and Amnesty International. I have published several books on law in Northern Ireland, human rights law and other legal issues (e.g. the concept of fairness). I retired from full-time academic work in 2017 but have remained research active since then in my capacity as Professor Emeritus at Queen’s University Belfast....

Web page updated on 21/05/2026

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