Bank of Jamaica (BOJ) and the Ministry of Finance and the Public Service (MOFPS) coordinate a Primary Dealer (PD) system to support the development of the domestic capital market and facilitate increased issuance and secondary market liquidity. PDs are securities dealers, licensed by the Financial Services Commission (FSC) and designated by BOJ upon the approval of the MOFPS. Primary Dealers are the main conduits through which the Government conducts its primary issues of debt instruments and through which BOJ conducts its open market operations.