TheCityUK is the new, independent membership body for promoting the UK-based financial and professional services industry. It continues the work of International Financial Services London (IFSL) and UKTI's Financial Services Sector Advisory Board (FSSAB). Both were incorporated into TheCityUK.

The three areas TheCityUK's work focuses on are:

• Overseas promotion - it promotes the UK overseas as a world class centre for financial and related professional services.

• Domestic promotion - it encourages greater understanding of, and support for, the financial services industry in the UK.

• Regulation and trade - it supports industry efforts to work with government and regulators, to ensure that regulatory developments and trade policy foster free and open markets for the UK's financial services industry.

TheCityUK, through the Research Centre, conducts primary research among members, businesses and consumers about relevant financial and professional services issues and produces a range of authoritative economic reports on industry sectors, products, and key financial indicators.