1327 - The Market rights of the City of London were based on a charter granted by Edward III which prohibited the setting up of rival markets within 6.6 miles of the City. 1400 - Henry IV granted to the citizens the right, by charter, to collect tolls and customs at Billingsgate, Cheap and Smithfield. 1699 - an Act of Parliament was passed making it "a free and open market for all sorts of fish whatsoever" excluding eels. 1846 - the Billingsgate Market Act. 1850 - the first Billingsgate Market building was constructed. 1871 - the Billingsgate Market Act. 1873 - the original building proved inadequate and was demolished. 1876 - the current building was opened. 1994 - London Docklands Development Corporation Act takes responsibility over the market from the City of London.