Contracts (Rights of Third Parties) Act 1999: Primary legislation governing how third parties may enforce terms of a contract, crucial for performance guarantee bonds where beneficiaries may be third parties
Statute of Frauds 1677: Historical but still relevant legislation requiring guarantees to be made in writing and signed to be legally enforceable
Financial Services and Markets Act 2000: Regulatory framework for financial institutions acting as guarantors, including licensing and operational requirements
Common Law Contract Principles: Fundamental principles including offer, acceptance, consideration, and intention to create legal relations that form the basis of any valid contract
FCA Regulations: Financial Conduct Authority regulations governing the conduct of financial institutions providing guarantees
PRA Requirements: Prudential Regulation Authority requirements ensuring financial stability of institutions providing guarantees
Basel III Requirements: International banking standards affecting capital adequacy and risk management for financial institutions acting as guarantors
Rome I Regulation: EU-derived regulation determining applicable law in contracts with international elements
Brussels I Regulation: EU-derived regulation determining jurisdiction in international contracts
Insolvency Act 1986: Legislation governing insolvency proceedings that might affect the guarantee
Companies Act 2006: Primary legislation governing corporate entities' operations, including their capacity to give guarantees
