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What does OFT mean?

Looking for the meaning or definition of the word OFT? Here's what it means.

Proper noun
  1. (Britain) Initialism of Office of Fair Trading.
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Examples
The OFT Retailer Code of Practice has not resulted in any change in behaviour, and is unlikely to do so.
The OFT offered both Winchester College and Eton a fifty percent reduction in their penalties in return for their full cooperation with the investigation.
According to the OFT, these chains have been inflating pre-sale pricing far beyond what products were ever sold for.
Around one-and-a-half million tenancy agreements are clinched each year worth nearly 6 billion and the OFT is determined these contracts must be fair.
At the time, the OFT stressed that it should not be assumed that the parties involved had broken the law.
The OFT also found evidence that some companies were not complying with some consumer regulations.

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