The Financial Markets Association of Pakistan (FMAP) is a non-profit professional body of the Money Market & Foreign Exchange dealers of banks, financial institutions and brokerage houses in the country. The FMAP is affiliated with ACI Paris, France, the apex body of dealers in money and foreign exchange markets globally.
Download: FMAP SECP Letter
The Primary objective of FMAP is to promote the financial markets (Money & Foreign Exchange) related activities and issues vis-à-vis the market, its participants and relationship with the State Bank of Pakistan..
The Association works to cultivate, promote and enhance the education of foreign exchange, money markets management and dealing in other financial instruments, to hold seminars, symposia, workshops etc. on national and international levels, and to provide advisory services to commercial and investment banks as well as development financial institutions.
The Financial Markets Association of Pakistan was formed in 1997, is a Non-commercial, Non-profit, Self-financed and Professional Association of Dealers of Financial Instruments. The members of the Association are drawn from Dealing Room Staff of all Nationalized Banks, Foreign Banks, Private Sector Banks, NBFC’s and FX/MM Interbank Brokerages Houses.
FMAP has about 285+ members & the members annually elect the governing body. FMAP has recently been granted a SRO Status with a mandate from State Bank of Pakistan will work towards achieving the tasks elaborated in the Mission Statement.
FMAP is affiliated with “Association Combsite Internationale – Paris”, like other similar national associations across the world. FMAP is also recognized as Self Regulatory Organisation (SRO) by the State Bank of Pakistan and incorporated under section 42 of the companies ordinance, 1984