Article 6 - Objectives of the QFC Authority
(1) The QFC Authority was established by Article 3 of the QFC Law.
(2) The objectives of the QFC Authority are, pursuant to Article 5 of the QFC Law:
(A) to establish, develop and promote the QFC as a leading location for international finance and business designed to attract international banking, financial services,
insurance businesses, corporate head office functions, as well as other business;
(B) to participate, in consultation with the Regulatory Authority and the Appeals Body as may be appropriate, in the establishment and maintenance of an appropriate
legal and regulatory regime to govern the QFC and activities lawfully conducted
within it or conducted outside it by persons, companies or entities established
within it;
(C) to ensure the QFC , including the QFC Institutions , have adequate finance or are
able to obtain adequate finance, so that they can finance their respective activities
without undue difficulty and are financially stable;
(D) to act in accordance with and promote international best practice and to eliminate
bureaucracy to the maximum extent possible; and
(E) all other things reasonably considered by it to be necessary, desirable or
appropriate to achieve, further or assist in relation to any of the above objectives.