Regulatory Alerts2026-05-07 | DMMD Circular Letter No. 06Guidelines for the Submission of Business Plan by Institutions at the time of Application for Primary Dealer (PD), Preliminary Primary Dealer (PPD) and Special purpose Primary Dealer (SPD) Status
Institutions applying for Primary Dealer, Preliminary Primary Dealer, or Special Purpose Primary Dealer status must submit a comprehensive business plan approved by their Board of Directors or Assets & Liabilities Committee. This plan must detail institutional capital, staff experience, IT infrastructure, past performance metrics, and strategic targets for non-bank investor distribution. The State Bank of Pakistan will evaluate these submissions to gauge commitment to system goals and may negotiate specific performance targets with applicants.
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