August 20, 2016

Securities and Exchange Supervisory Commission meets underwriters

Securities and Exchange Supervisory Commission held talks with officials from 10 companies which are tentatively selected to act as players in the country’s capital market yesterday.
In his address, Deputy Minister Dr Maung Maung Thein who is also chair of the commission, called on the firms to make collaborative efforts on ensuring the development of the stock market.
He warned that it is not sure to make profits within five years, urging them to take this point into consideration.
As a strategy, Yangon Stock Exchange is set to
start as an equity market before moving towards derivative market and future market, the chair said.
Licenses will be issued to securities companies following inspection on their investments of K 15 billion each and completion of arrangements to start their underwriting businesses, he added.
According to the
chair, Yangon Stock Exchange is set to launch this early December.
Next, Mr Shohei Yano from Japan Financial Services Agency who is also an adviser to the Ministry of Finance made a presentation of service fee for the business.


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