UCP 600: Uniform Customs and Practice for Documentary Credits - The primary international rules governing the operation of letters of credit globally
ISBP 745: International Standard Banking Practice - Detailed guidelines for examining documents under UCP 600
Bills of Exchange Act 1882: UK legislation governing negotiable instruments including certain aspects of letters of credit
Sale of Goods Act 1979: UK legislation governing the sale of goods, relevant for underlying transactions in letters of credit
Uniform Law on International Sales Act 1967: UK legislation implementing international sales law conventions
Contracts (Rights of Third Parties) Act 1999: UK legislation governing third party rights in contracts, relevant for beneficiaries of letters of credit
Financial Services and Markets Act 2000: Primary UK legislation regulating financial services and markets, including banking activities
Financial Services Act 2012: UK legislation updating financial services regulation and establishing new regulatory frameworks
UK Money Laundering Regulations 2017: Regulations governing anti-money laundering requirements for financial institutions
UN Convention on Independent Guarantees and Stand-by Letters of Credit: International convention providing uniform rules for independent guarantees and standby letters of credit
UNCITRAL Convention on International Bills of Exchange: International convention governing bills of exchange and promissory notes in international transactions
UK Sanctions and Anti-Money Laundering Act 2018: UK legislation providing the framework for imposing and implementing sanctions and money laundering prevention
