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
Bills of Exchange Act 1882: UK legislation governing negotiable instruments including bills of exchange, which are relevant to the operation of Letters of Credit
Sale of Goods Act 1979: UK legislation governing contracts for the sale of goods, which often underpin the commercial transactions secured by Letters of Credit
Unfair Contract Terms Act 1977: UK legislation controlling the use of unfair terms in contracts, applicable to ensure fair terms in Letter of Credit agreements
Contracts (Rights of Third Parties) Act 1999: UK legislation governing third party rights in contracts, relevant for beneficiaries of Letters of Credit
ISBP 745: International Standard Banking Practice - Detailed guidelines for examining documents under UCP 600
ISP98: International Standby Practices - Rules specifically governing standby letters of credit
Financial Services and Markets Act 2000: UK legislation providing the framework for financial services regulation, including banking services like Letters of Credit
UK Money Laundering Regulations 2017: Regulations requiring financial institutions to implement controls to prevent money laundering, applicable to Letter of Credit transactions
English Case Law on Letters of Credit: Body of precedents established by English courts regarding principles of autonomy, strict compliance, and fraud exception in Letters of Credit
FCA Regulations: Financial Conduct Authority rules and guidelines governing financial institutions' conduct in the UK
PRA Requirements: Prudential Regulation Authority requirements for banks and financial institutions issuing Letters of Credit
Bank of England Guidelines: Central bank guidance affecting banking operations including Letter of Credit transactions
EU Retained Law: European Union laws retained in UK legislation post-Brexit that may affect Letter of Credit operations
Sanctions and Export Control Regulations: International trade restrictions and compliance requirements affecting Letter of Credit transactions
