SECM announces stock trading by both resident and non-resident foreigners

10 March 2020
SECM announces stock trading by both resident and non-resident foreigners
A man walks in front if the Yangon Stock Exchange building in Yangon. Photo: Ye Aung Thu/AFP

Both resident and non-resident foreign investors, including overseas brokers and banks, will be allowed to open securities accounts with local brokers to trade on the Yangon Stock Exchange, regulationasia.com reported.

The SECM (Securities and Exchange Commission of Myanmar) has announced that stock trading by both resident and non-resident foreigners will be allowed in the country starting from 20 March.

Previously, the SECM had indicated it would only allow resident foreigners to trade local stocks in March, and that access for other foreigners would be opened up in phases at a later stage.