This refers to Financial
Derivatives Business Regulations (FDBR),
issued by SBP vide BSD Circular No. 17,
dated November 26, 2004, and DMMD Circular
No. 5, dated March 21, 2012 on the 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 N.A.
2. Deutsche Bank AG
3. Faysal Bank Limited
4. Habib Bank Limited
5. MCB Bank Limited
6. Standard Chartered Bank (Pakistan) Limited
7. United Bank Limited
Non-Market Maker
Financial Institutions:
1. The Bank of Tokyo-Mitsubishi
UFJ, Limited (FX Options only)
The list will be duly updated
as and when required.