ANNOUNCEMENT 12 Jul 2019
Myanmar has allowed foreigners to invest in domestic listed companies.
NUMBER OF INTERVENTIONS
Notification 1/2019 - Myanmar Securities and Exchange Commission
Investment Policy Hub - UNCTAD - Foreign Investors to be Allowed to Purchase Stocks on the YSX
On 12 July 2019, the Securities and Exchange Commission of Myanmar (SECM) through Notification No. 1/2019 permitted foreign participation in daily share trading of listed companies on the Yangon Stock Exchange (YSX).
The Notification has defined a foreigner as -
The companies listed on the YSX have to notify YSX in advance about the percentage of foreign ownership allowed in their companies and ensure that YSX has received approval for the same from the SECM. The YSX will obtain the necessary permission from the SECM, notify the conditions for foreign participation and investments, and announce the date on which foreigners may start trading of listed companies.