UCP 600: Uniform Customs and Practice for Documentary Credits - The international standard rules governing the operation of Letters of Credit
ISP98: International Standby Practices - Rules governing standby letters of credit, if applicable to the fronting structure
Bills of Exchange Act 1882: Primary UK legislation governing negotiable instruments and certain aspects of documentary credits
Law of Property (Miscellaneous Provisions) Act 1989: Legislation governing formal requirements for certain types of contracts and property transactions in England and Wales
Financial Services and Markets Act 2000: Primary legislation governing financial services regulation in the UK, including banking activities related to Letters of Credit
FCA Regulations: Financial Conduct Authority regulations governing conduct and consumer protection in financial services
PRA Requirements: Prudential Regulation Authority requirements governing bank safety and soundness
Basel III: International regulatory framework for banks, including capital adequacy requirements affecting Letter of Credit issuance
Sale of Goods Act 1979: Legislation governing the sale of goods, relevant for underlying commercial transactions
Unfair Contract Terms Act 1977: Legislation controlling the use of unfair terms in contracts
Contracts (Rights of Third Parties) Act 1999: Legislation governing third party rights in contracts, relevant for fronting structures
Consumer Credit Act 1974: Legislation protecting consumers in credit transactions, may be relevant depending on the parties involved
UN Convention on Independent Guarantees: International convention governing standby letters of credit and independent guarantees
Money Laundering Regulations 2017: UK regulations implementing anti-money laundering requirements
Proceeds of Crime Act 2002: Legislation dealing with money laundering and proceeds of crime
Terrorism Act 2000: Legislation containing anti-terrorism financing provisions relevant to financial transactions
