Banking Act 2009: Primary UK legislation governing banking institutions and their operations, including regulatory framework and bank resolution regime
Financial Services and Markets Act 2000: Fundamental legislation establishing the UK's financial regulatory framework and financial services industry requirements
Statute of Frauds 1677: Historic legislation that requires certain contracts, including guarantees, to be made in writing and signed to be enforceable
Consumer Credit Act 1974: Legislation governing credit arrangements for retail customers, including consumer protection provisions
FCA Regulations: Financial Conduct Authority regulations governing conduct of financial institutions and consumer protection
PRA Requirements: Prudential Regulation Authority requirements focusing on banks' capital adequacy and risk management
Basel III: International banking standards setting requirements for bank capital adequacy, stress testing, and market liquidity risk
URDG 758: Uniform Rules for Demand Guarantees by ICC, providing international standard rules for demand guarantees and counter-guarantees
ISP98: International Standby Practices providing rules for standby letters of credit and bank guarantees
Anti-Money Laundering Regulations: Regulations requiring banks to implement controls to prevent money laundering and report suspicious activities
Counter-Terrorist Financing Regulations: Regulations requiring banks to implement measures to prevent terrorist financing
Insolvency Act 1986: Legislation governing insolvency proceedings and creditor rights in case of default
Companies Act 2006: Primary legislation governing company operations, relevant when corporate entities are involved in guarantees
Financial Collateral Arrangements (No 2) Regulations 2003: Regulations governing financial collateral arrangements and enforcement of security
