Regulatory Alerts2020-03-19
Instruction 3-2020 (19-3-2020) on Foreign Share Trading and Bank Compliance at the Yangon Stock Exchange
The Securities and Exchange Commission of Myanmar issued Instruction No. 3/2020 to mandate Authorized Dealer banks to facilitate daily trading and purchasing of shares by foreign investors in Yangon Stock Exchange-listed companies. The directive specifies required foreign currency and resident Kyat accounts, obligates banks to process transactions in compliance with central bank guidelines, and requires the submission of projected principal repatriation schedules prior to investment. Furthermore, banks must report all daily transactions to the Central Bank and Securities Commission via the Electronic Reporting System within ten days of each month-end to ensure accurate foreign exchange management.
Share