The Futures Trading Authority of London

The FTAL key purpose is:

To maintain London's position as an international finance centre with high regulatory standards by:

• reducing risk to the public of financial loss due to dishonesty, incompetence, malpractice or the financial unsoundness of financial service providers;
• protecting and enhancing the State’s reputation and integrity in commercial and financial matters;
• safeguarding the State’s best economic interests;
• countering financial crime both in London and elsewhere.

In support of our key purpose, FTAL aims to:

• ensure that all entities we authorise meet fit and proper criteria;
• ensure that all entities we regulate are operating within accepted standards of good regulatory practice;
• match international standards in respect of banking, securities, trust company business, insurance regulation, and anti-money laundering and terrorist financing defences;
• identify and deter abuses and breaches of regulatory standards;
• ensure FTAL operates effectively and efficiently and is properly accountable to the Minister for Economic Development.