Financial Services and Markets Act 2000: Primary legislation that regulates financial services and markets in the UK, ensuring banks issuing guarantees are properly authorized
Unfair Contract Terms Act 1977: Controls unreasonable exclusion clauses in business-to-business contracts and ensures fairness in contractual terms
Statute of Frauds 1677: Historical legislation requiring guarantees to be made in writing and signed to be legally enforceable
Common Law Contract Principles: Fundamental principles including offer, acceptance, consideration, and intention to create legal relations
Banking Law Principles: Key principles including autonomy principle, doctrine of strict compliance, and independence principle in banking transactions
FCA Regulations: Financial Conduct Authority regulations governing financial institutions and their activities in the UK
PRA Requirements: Prudential Regulation Authority requirements ensuring financial stability and proper conduct of financial institutions
UK Banking Sector Regulations: Specific regulations governing banking operations and guarantees in the UK financial sector
URDG 758: Uniform Rules for Demand Guarantees, providing international standards for demand guarantees and counter-guarantees
ICC Guidelines: International Chamber of Commerce guidelines providing international standards and best practices for banking guarantees
