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,...

Provision of Services Regulations 2009 (UK): scope, definition of services, provider information duties and complaint handling, recipient rights, interaction with other regimes, EU Services Directive context, and proposed 2026 reforms.

Published by a LexisNexis Commercial expert

Practice notes

This Practice Note examines the entitlements and duties of service providers, and the corresponding rights of service recipients, under the Provision of Services Regulations 2009, SI 2009/2999 (PSR 2009). It addresses, in particular, the legislative background to PSR 2009 in eu directive 2006/123/EC on services in the internal market (the EU Services Directive), the scope, remit and application of PSR 2009, what constitutes a service and the meaning of service, the supply of information requirements, and how PSR 2009 relates to other legislation. It does not address duties on competent authorities to co-operate with each other under PSR 2009, nor other obligations placed on such authorities in relation to service providers and service recipients.

Background

The Provision of Services Regulations 2009, SI 2009/2999 (PSR 2009), implemented EU Directive 2006/123/EC on services in the internal market (the EU Services Directive) and came into force on 28 December 2009. The purpose of the EU Services Directive was to encourage the provision of cross-border trade in services between EEA countries by simplifying the process for providing those services and lowering non-tariff barriers to trade...

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Web page updated on 21/05/2026

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