UCP 600: Uniform Customs and Practice for Documentary Credits - The primary international rules governing the operation of letters of credit, published by the International Chamber of Commerce
ISBP 745: International Standard Banking Practice - Detailed guidelines for examining documents under UCP 600
Bills of Exchange Act 1882: UK legislation governing negotiable instruments, including aspects of documentary credits and bill payments
Sale of Goods Act 1979: UK legislation governing the sale of goods, relevant for the underlying transaction in letter of credit arrangements
Unfair Contract Terms Act 1977: UK legislation controlling the use of unfair terms in contracts, applicable to letter of credit agreements
Contracts (Rights of Third Parties) Act 1999: UK legislation governing third party rights in contracts, relevant for beneficiaries in letter of credit transactions
Financial Services and Markets Act 2000: Primary UK legislation for financial services regulation, including banking activities related to letters of credit
Financial Services and Markets Act 2000 (Regulated Activities) Order 2001: Detailed regulations specifying which activities require FCA authorization, including certain banking activities
UN Convention on Independent Guarantees and Stand-by Letters of Credit: International convention providing uniform rules for independent guarantees and stand-by letters of credit
Money Laundering Regulations 2017: UK regulations implementing anti-money laundering requirements for financial transactions including letters of credit
Proceeds of Crime Act 2002: UK legislation dealing with money laundering and proceeds of crime, relevant for due diligence in letter of credit transactions
