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: International Standard Banking Practice - Detailed guidelines that supplement UCP 600 for examining letter of credit documents
ICC Rules: International Chamber of Commerce rules providing framework for international banking operations and trade finance
Bills of Exchange Act 1882: UK legislation governing negotiable instruments, including certain aspects of letters of credit and bill of exchange transactions
Law of Property (Miscellaneous Provisions) Act 1989: UK legislation affecting formal requirements for certain types of contracts and property transactions
Unfair Contract Terms Act 1977: UK legislation regulating unfair terms in contracts, which may affect certain provisions in letters of credit
Financial Services and Markets Act 2000: Primary UK legislation for financial services regulation, including banking activities related to letters of credit
Principle of Autonomy: Common law principle establishing that letters of credit operate independently from the underlying transaction
Principle of Strict Compliance: Common law principle requiring exact compliance with the terms of the letter of credit
Doctrine of Fraud Exception: Common law principle allowing banks to refuse payment under a letter of credit in cases of proven fraud
FCA Regulations: Financial Conduct Authority regulations governing financial institutions and their practices in the UK
PRA Requirements: Prudential Regulation Authority requirements for banks and financial institutions in the UK
Anti-Money Laundering Regulations: Regulations requiring due diligence and monitoring to prevent money laundering in financial transactions
Sanctions Compliance Requirements: International and domestic sanctions regulations affecting trade finance and letters of credit
UNCITRAL Convention: UN Convention on Independent Guarantees and Stand-by Letters of Credit providing international legal framework
