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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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UK GDPR adequacy regulations tracker: international transfers, preserved EU decisions, UK-US Data Bridge, South Korea, and EU-UK adequacy developments

Practice notes
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This PrACTice Note monitors the current position of adequacy regulations governing the export of Personal data beyond the UK or to International organisations under the United Kingdom General Data Protection Regulation, Assimilated Regulation (EU) 2016/679 (the UK GDPR). For an all-round primer on the UK GDPR bringing together core practical guidance, see Practice Note: The UK General Data Protection Regulation (UK GDPR)—Summary of key legislation, and the UK data protection law collection.

Background

Article 44 of Chapter V of the UK GDPR bars sending personal data to a third country outside the UK, or to an ‘international organisation’ (a restricted international transfer). Nonetheless, such a transfer may proceed where it is:

  • founded on an adequacy regulation under Article 45 of the UK GDPR and connected provisions in the Data Protection Act 2018 (DPA 2018)
  • covered by appropriate safeguards under Article 46 of the UK GDPR, or
  • made relying on specific exceptions/derogations

Article 45 of the UK GDPR and DPA 2018, s 17A empower the Secretary of State to decide whether a country, a territory, or one or more defined sectors within a third country outside the UK or...

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Web page updated on 22/05/2026

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