MYANMAR: YSX Open to Foreign Investors

Tuesday March 10 2020

The Securities and Exchange Commission of Myanmar (SECM) announced that share trading by both resident and non-resident foreigners shall start on 20th March 2020.

Securities companies can now receive applications from foreigners who are resident and non-resident under the foreign exchange management regulations and inform foreign customers in advance in the account opening process that voting rights shall not be granted for shares related to the foreign ownership above the pre-determined limit. Securities companies shall have a written agreement to act as securities broker according to section 62 of the Securities Exchange Rules.

Securities companies shall report monthly to the YSX about necessary information for this purpose and ensure any foreigners have one securities account at a time according to the information provided by securities companies except for the period that foreigners change their securities company to another securities company.

Yangon Stock Exchange (YSX) shall report monthly to the SECM about gross amounts of shares bought and sold by, and total outstanding value of shares held by resident and non-resident foreigners, respectively.

ln terms of daily share trading, investors shall follow the Securities Exchange law, the Securities Exchange rule, relevant notification and instructions under the supervision of SECM.

The Commission (SECM) may issue necessary directives with regard to allowing foreign participation in daily share trading of listed companies in Yangon Stock Exchange.

Click on the above link for further information.