This refers to Financial Derivatives Business
Regulations (FDBR) issued by SBP vide BSD Circular No.
17 dated November 26, 2004, and DMMD Circular No. 2 dated
January 17, 2012 on the captioned subject.
Please
be advised that the list of Authorized Derivatives Dealers
and Non-Market Maker Financial Institutions is updated
and henceforth following banks will be allowed to conduct
financial derivatives business as ADDs and NMIs in Pakistan:
Authorized Derivatives Dealers:
1. Citibank
2. Deutsche Bank
3. Faysal Bank Limited
4. Habib Bank Limited
5. Standard Chartered Bank (Pakistan) Limited
6. United Bank Limited
Non-Market Maker Financial
Institutions:
1. The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(FX Options Only)
The list will be duly updated as and when
required.