Banking Act (Chapter 19): Primary legislation that regulates banking business and credit facilities in Singapore, and sets out requirements for banks issuing guarantees
Contract Law (Application of Laws) Act: Fundamental legislation governing formation and enforcement of contracts in Singapore, based on English common law principles
Monetary Authority of Singapore Act: Provides regulatory framework for financial institutions and sets out compliance requirements for banking operations
MAS Notice 612: Regulatory notice on Credit Risk Management, providing guidelines on credit risk assessment and requirements for credit facilities and guarantees
MAS Notice 637: Regulatory notice on Risk Based Capital Adequacy Requirements, detailing capital requirements for banks and treatment of guarantees for capital adequacy purposes
International Enterprise Singapore Board Act: Legislation relevant for international trade financing and guidelines for cross-border guarantees
Securities and Futures Act: Regulatory framework applicable when guarantees involve regulated financial products
Unfair Contract Terms Act: Legislation ensuring fairness in contractual terms and protecting against unreasonable exclusion clauses
AML/CFT Regulations: Anti-Money Laundering and Countering Financing of Terrorism regulations applicable to bank guarantees
KYC Requirements: Know Your Customer requirements mandating customer due diligence procedures for banking transactions including guarantees
Foreign Exchange Regulations: Regulations governing foreign exchange aspects of bank guarantees, particularly relevant for international transactions
