Although every effort has been made to convey the meaning and effect of each provision of the
original Lao language version as accurately as possible, this English translation does not carry any legal authority. Only the original Lao text has legal force; this English translation is strictly for reference.
Lao People’s Democratic Republic
Peace Independence Democracy Unity Prosperity
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Securities and Exchange Commission
Securities and Exchange Commission Office No. 371/SECO
Vientiane Capital, 24 February 2012
Notification
To: |
|
Subject: Establishment, development and application of an information technology system in securities companies.
The Secretary-General of Securities and Exchange Commission Office
hereby issues this notification:
4.1 Infrastructure system, including server, networking system, operating system, security system, backup system and monitoring system;
4.2 Account Management system;
4.3 Clearing and Settlement system;
4.4 Administrative system for securities trading;
4.5 System for Initial Public Offering, Private offering and Right Offering;
4.6 Primary data system and secondary data on trading;
4.7 Internal and External Reporting System;
4.8 Other relevant systems, necessary for the operation of securities business being approved.
7.Securities companies shall have their own Data Recovery Site (DR Site) located in Lao PDR based on the following standards:
7.1. Data Recovery Sites shall represent the main center of work in emergency situations;
7.2. All data on Data Recovery Sites shall be updated on a real time basis or at a maximum of 1-day delay in comparison to the database in Data Center;
7.3. Data Recovery Sites shall have a standard server room included cooling system, fire system, CCTV system and warning system;
7.4. Secure data recovery measures shall be applied on a timely basis;
7.5. Data Recovery Sites shall be located at a distance from the Data Center and should not be located in close proximity.
In case that the securities companies would like to deposit the data with the secondary center of other organizations, it shall first obtain the approval of the Lao Securities and Exchange Commission Office.
Therefore, we would like to notify relevant agencies to be aware of, and strictly implement this notification.
Secretary-General of the
Lao Securities and Exchange Commission Office
(Signed and sealed)
Vatthana DALALOY
Name | Description | Status |
---|---|---|
Requirement for IT data to be stored in Lao PDR | All data must be stored on the information technology systems of the securities companies in the Lao PDR | Active |
Requirement for securities companies to establish their own information technology system | Securities companies must establish and develop their own information technology system to guarantee the successful operation of the company | Active |
Requirements for location of data recovery site | Data recovery sites must be located at a distance from the data center and should not be located in close proximity. Securities companies that wish to deposit data with the secondary center of other organizations must first obtain approval. | Active |
Requirent for changes to information technology system of securities companies to be first approved | Any change to the information technology system of securities companies must be approved by the SC | Active |