diff --git a/Code/Framework/AzToolsFramework/AzToolsFramework/UI/PropertyEditor/PropertyAssetCtrl.cpp b/Code/Framework/AzToolsFramework/AzToolsFramework/UI/PropertyEditor/PropertyAssetCtrl.cpp
index 169a90497b..a0b3762123 100644
--- a/Code/Framework/AzToolsFramework/AzToolsFramework/UI/PropertyEditor/PropertyAssetCtrl.cpp
+++ b/Code/Framework/AzToolsFramework/AzToolsFramework/UI/PropertyEditor/PropertyAssetCtrl.cpp
@@ -1447,6 +1447,49 @@ namespace AzToolsFramework
                 GUI->SetBrowseButtonIcon(QIcon(iconPath.c_str()));
             }
         }
+        else if (attrib == AZ_CRC("EditCallback", 0xb74f2ee1))
+        {
+            PropertyAssetCtrl::EditCallbackType* func = azdynamic_cast<PropertyAssetCtrl::EditCallbackType*>(attrValue->GetAttribute());
+            if (func)
+            {
+                GUI->SetEditButtonVisible(true);
+                GUI->SetEditNotifyCallback(func);
+            }
+            else
+            {
+                GUI->SetEditNotifyCallback(nullptr);
+            }
+        }
+        else if (attrib == AZ_CRC("EditButton", 0x898c35dc))
+        {
+            GUI->SetEditButtonVisible(true);
+
+            AZStd::string iconPath;
+            attrValue->Read<AZStd::string>(iconPath);
+
+            if (!iconPath.empty())
+            {
+                QString path(iconPath.c_str());
+
+                if (!QFile::exists(path))
+                {
+                    AZ::IO::FixedMaxPathString engineRoot = AZ::Utils::GetEnginePath();
+                    QDir engineDir = !engineRoot.empty() ? QDir(QString(engineRoot.c_str())) : QDir::current();
+
+                    path = engineDir.absoluteFilePath(iconPath.c_str());
+                }
+
+                GUI->SetEditButtonIcon(QIcon(path));
+            }
+        }
+        else if (attrib == AZ_CRC("EditDescription", 0x9b52634a))
+        {
+            AZStd::string buttonTooltip;
+            if (attrValue->Read<AZStd::string>(buttonTooltip))
+            {
+                GUI->SetEditButtonTooltip(tr(buttonTooltip.c_str()));
+            }
+        }
     }
 
     void SimpleAssetPropertyHandlerDefault::WriteGUIValuesIntoProperty(size_t index, PropertyAssetCtrl* GUI, property_t& instance, InstanceDataNode* node)
@@ -1476,6 +1519,7 @@ namespace AzToolsFramework
         // Set the hint in case the asset is not able to be found by assetId
         GUI->SetCurrentAssetHint(instance.GetAssetPath());
         GUI->SetSelectedAssetID(assetId, instance.GetAssetType());
+        GUI->SetEditNotifyTarget(node->GetParent()->GetInstance(0));
 
         GUI->blockSignals(false);
         return false;
diff --git a/Gems/LyShine/Code/Editor/LyShineEditorSystemComponent.cpp b/Gems/LyShine/Code/Editor/LyShineEditorSystemComponent.cpp
index c0e9b7aaac..d1c7ce96a4 100644
--- a/Gems/LyShine/Code/Editor/LyShineEditorSystemComponent.cpp
+++ b/Gems/LyShine/Code/Editor/LyShineEditorSystemComponent.cpp
@@ -107,6 +107,7 @@ namespace LyShineEditor
     void LyShineEditorSystemComponent::Activate()
     {
         AzToolsFramework::EditorEventsBus::Handler::BusConnect();
+        LyShine::LyShineRequestBus::Handler::BusConnect();
     }
 
     ////////////////////////////////////////////////////////////////////////////////////////////////////
@@ -119,6 +120,7 @@ namespace LyShineEditor
 
             CUiAnimViewSequenceManager::Destroy();
         }
+        LyShine::LyShineRequestBus::Handler::BusDisconnect();
         AzToolsFramework::EditorEventsBus::Handler::BusDisconnect();
     }
 
@@ -191,4 +193,17 @@ namespace LyShineEditor
         }
         return AzToolsFramework::AssetBrowser::SourceFileDetails();
     }
+
+    ////////////////////////////////////////////////////////////////////////////////////////////////
+    void LyShineEditorSystemComponent::EditUICanvas([[maybe_unused]] const AZStd::string_view& canvasPath)
+    {
+        AzToolsFramework::OpenViewPane(LyViewPane::UiEditor);
+        AZStd::string stringPath = canvasPath;
+
+        if (!stringPath.empty())
+        {
+            QString absoluteName = stringPath.c_str();
+            UiEditorDLLBus::Broadcast(&UiEditorDLLInterface::OpenSourceCanvasFile, absoluteName);
+        }
+    }
 }
diff --git a/Gems/LyShine/Code/Editor/LyShineEditorSystemComponent.h b/Gems/LyShine/Code/Editor/LyShineEditorSystemComponent.h
index d37fc83735..f389c4c2f5 100644
--- a/Gems/LyShine/Code/Editor/LyShineEditorSystemComponent.h
+++ b/Gems/LyShine/Code/Editor/LyShineEditorSystemComponent.h
@@ -15,6 +15,7 @@
 #include <AzCore/Component/Component.h>
 #include <AzToolsFramework/API/ToolsApplicationAPI.h>
 #include <AzToolsFramework/AssetBrowser/AssetBrowserBus.h>
+#include <LyShine/LyShineBus.h>
 
 namespace LyShineEditor
 {
@@ -22,6 +23,7 @@ namespace LyShineEditor
         : public AZ::Component
         , protected AzToolsFramework::EditorEvents::Bus::Handler
         , protected AzToolsFramework::AssetBrowser::AssetBrowserInteractionNotificationBus::Handler
+        , protected LyShine::LyShineRequestBus::Handler
     {
     public:
         AZ_COMPONENT(LyShineEditorSystemComponent, "{64D08A3F-A682-4CAF-86C1-DA91638494BA}");
@@ -55,5 +57,10 @@ namespace LyShineEditor
         void AddSourceFileOpeners(const char* fullSourceFileName, const AZ::Uuid& /*sourceUUID*/, AzToolsFramework::AssetBrowser::SourceFileOpenerList& openers) override;
         AzToolsFramework::AssetBrowser::SourceFileDetails GetSourceFileDetails(const char* fullSourceFileName) override;
         ////////////////////////////////////////////////////////////////////////
+
+        ////////////////////////////////////////////////////////////////////////
+        // LyShineRequestBus interface implementation
+        void EditUICanvas(const AZStd::string_view& canvasPath) override;
+        ////////////////////////////////////////////////////////////////////////
     };
 }
diff --git a/Gems/LyShine/Code/Include/LyShine/LyShineBus.h b/Gems/LyShine/Code/Include/LyShine/LyShineBus.h
index 1b7b81f32d..5b8fc4889d 100644
--- a/Gems/LyShine/Code/Include/LyShine/LyShineBus.h
+++ b/Gems/LyShine/Code/Include/LyShine/LyShineBus.h
@@ -13,6 +13,7 @@
 #pragma once
 
 #include <AzCore/EBus/EBus.h>
+#include <AzCore/std/string/string_view.h>
 
 namespace LyShine
 {
@@ -24,6 +25,8 @@ namespace LyShine
         static const AZ::EBusHandlerPolicy HandlerPolicy = AZ::EBusHandlerPolicy::Single;
         static const AZ::EBusAddressPolicy AddressPolicy = AZ::EBusAddressPolicy::Single;
         // Public functions
+
+        virtual void EditUICanvas(const AZStd::string_view&) {};
     };
     using LyShineRequestBus = AZ::EBus<LyShineRequests>;
 } // namespace LyShine
diff --git a/Gems/LyShine/Code/Source/World/UiCanvasAssetRefComponent.cpp b/Gems/LyShine/Code/Source/World/UiCanvasAssetRefComponent.cpp
index 9d436f8a57..07212cad29 100644
--- a/Gems/LyShine/Code/Source/World/UiCanvasAssetRefComponent.cpp
+++ b/Gems/LyShine/Code/Source/World/UiCanvasAssetRefComponent.cpp
@@ -15,6 +15,7 @@
 #include <AzCore/Serialization/EditContext.h>
 #include <AzCore/RTTI/BehaviorContext.h>
 #include <LyShine/Bus/UiCanvasBus.h>
+#include <LyShine/LyShineBus.h>
 
 ////////////////////////////////////////////////////////////////////////////////////////////////////
 //! UiCanvasAssetRefNotificationBus Behavior context handler class
@@ -177,7 +178,10 @@ void UiCanvasAssetRefComponent::Reflect(AZ::ReflectContext* context)
 
             editInfo->DataElement("SimpleAssetRef", &UiCanvasAssetRefComponent::m_canvasAssetRef,
                 "Canvas pathname", "The pathname of the canvas.")
-                ->Attribute("BrowseIcon", ":/stylesheet/img/UI20/browse-edit-select-files.svg");
+                ->Attribute("BrowseIcon", ":/stylesheet/img/UI20/browse-edit-select-files.svg")
+                ->Attribute("EditButton", "")
+                ->Attribute("EditDescription", "Open in UI Editor")
+                ->Attribute("EditCallback", &UiCanvasAssetRefComponent::LaunchUIEditor);
             editInfo->DataElement(AZ::Edit::UIHandlers::CheckBox, &UiCanvasAssetRefComponent::m_isAutoLoad,
                 "Load automatically", "When checked, the canvas is loaded when this component is activated.")
                 ->Attribute(AZ::Edit::Attributes::ChangeNotify, AZ_CRC("RefreshEntireTree", 0xefbc823c));
@@ -209,6 +213,12 @@ void UiCanvasAssetRefComponent::Reflect(AZ::ReflectContext* context)
 // PROTECTED MEMBER FUNCTIONS
 ////////////////////////////////////////////////////////////////////////////////////////////////////
 
+////////////////////////////////////////////////////////////////////////////////////////////////////
+void UiCanvasAssetRefComponent::LaunchUIEditor([[maybe_unused]] const AZ::Data::AssetId& assetId, const AZ::Data::AssetType&)
+{
+    LyShine::LyShineRequestBus::Broadcast(&LyShine::LyShineRequests::EditUICanvas, GetCanvasPathname());
+}
+
 ////////////////////////////////////////////////////////////////////////////////////////////////////
 void UiCanvasAssetRefComponent::Activate()
 {
diff --git a/Gems/LyShine/Code/Source/World/UiCanvasAssetRefComponent.h b/Gems/LyShine/Code/Source/World/UiCanvasAssetRefComponent.h
index 9d441975b4..9d0e5c405e 100644
--- a/Gems/LyShine/Code/Source/World/UiCanvasAssetRefComponent.h
+++ b/Gems/LyShine/Code/Source/World/UiCanvasAssetRefComponent.h
@@ -69,6 +69,8 @@ public: // static member functions
 
 protected: // member functions
 
+    void LaunchUIEditor(const AZ::Data::AssetId& assetId, const AZ::Data::AssetType&);
+
     // AZ::Component
     void Activate() override;
     void Deactivate() override;