Bills of Exchange Act (Chapter 23): Primary legislation governing negotiable instruments and bills of exchange in Singapore, which provides the legal framework for letters of credit

Banking Act (Chapter 19): Core banking legislation in Singapore that regulates banking operations, including the issuance of letters of credit by banks

Monetary Authority of Singapore Act (Chapter 186): Establishes MAS's regulatory authority and oversight of financial institutions handling letters of credit

Contract Law (Chapter 53B): Provides the fundamental legal principles governing contractual relationships in Singapore, applicable to LC agreements

Electronic Transactions Act (Chapter 88): Governs electronic transactions and digital documentation, relevant for electronic letters of credit

UCP 600: Uniform Customs and Practice for Documentary Credits - international standards often referenced for inland LCs as best practice

ISBP: International Standard Banking Practice - provides detailed guidelines for examining documents under documentary credits

MAS Guidelines on Risk Management Practices: Regulatory guidelines for financial institutions on managing risks associated with credit instruments

MAS Notice 612: Specific regulations on credit risk management practices for banks operating in Singapore

MAS Notice 643: Guidelines governing transactions with related parties to prevent conflicts of interest

Singapore Code of Corporate Governance: Corporate governance standards affecting how companies handle financial instruments and credit facilities

AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations for ensuring legitimate LC transactions

Personal Data Protection Act: Regulations governing the collection, use, and disclosure of personal data in LC documentation and processing