According to Para. 3 (C) of the Instruction (1/2020) for allowing foreigner participation in daily share trading of listed companies in Yangon Stock Exchange, prospective foreign investors including individual and institutions shall be required to apply at one of Securities Companies first for getting a recommendation letter. Then, those who are resident foreigners shall open Resident Kyat Account for Securities(R KAS) and those who are non-resident foreigners shall open Non-Resident Kyat Account for Securities (N-KAS) and Non-resident Foreign Currency Account for Securities (N-FAS) at one of designated banks (i.e. Authorized Dealer License Banks approved by Central Bank of Myanmar). After that, foreign investors shall be able to open securities account with Securities Companies.