Measures relating to Notification No. (1/2019)

National Treatment
sr. Para measures mode remarks
4 4

The securities companies shall comply with the directives issued by the Commission (SECM), on performing the opening of securities account and trading regarding foreigner participation.

Mode 3 National Treatment
Domestic Regulations
sr. Para measures mode remarks
1 1

The term "foreigner" contained in this notification shall be defined as follows:

(a) in the case of an individual, a person who is not a citizen, an associate citizen or a naturalized citizen defined under sub-section (e) of section 2 of the Myanmar Citizenship Law;

(b) in the case of an institution, a company or an institution that is formed in the Republic of the Union of Myanmar under any existing law or a company or an institution formed outside the Union under any law including a [aw of a jurisdiction other than the Union.

Mode 3 Domestic Regulation
2 2

The Yangon Stock Exchange (YSX) shall: 

(a) announce the date on which foreigners may start share trading of listed companies;

(b) obtain the prior permission of the Commission (SECM), and issue necessary conditions for foreign participation and investment;

(c) allow only one type of shares in the trading of shares;

(d) transact the trading of shares only within the percentage of foreign ownership to be allowed that is submitted by each listed company to the Commission (SECM);

(e) prescribe and calculate only direct shareholding as foreign ownership in case it is a foreign company in calculating foreign ownership of listed companies, when shares are recorded in securities companies after completion of a trade at Yangon Stock Exchange (YSX).

Mode 3 Domestic Regulation
3 3

Regarding the foreigner participation in daily share trading, the listed companies of Yangon Stock Exchange (YSX) shall:

(a)      notify Yangon Stock Exchange (YSX) in advance about the percentage of foreign ownership to be a[towed in their companies; and

(b)     ensure that the permission of the relevant supervisory organization has obtained in accordance with the existing laws in making such notification.

Mode 3 Domestic Regulation