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Procedure

Procedure Name
Procedures on establish securities company

Description
Procedures on establish securities company

Investor that wish to establish securities company has to submit an application form together with necessaries documents as required to Lao securities commission to consider, if all conditions were met the business license will be issued.



*This procedure was drafted by LSP development team for your usage please refer to our terms and conditions

The following form/s are used in this procedure Title
TitleDescriptionCreate DateUpdate DateIssued ByFile Download
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This procedure applies to the following measures
Showing 1 - 9 of 9 items
NameMeasure TypeAgencyDescriptionCommentsLegal DocumentValidity
Prohibitions for Securities Companies and Securities ProfessionalsProhibitionSecurity Exchange commissionSecurities companies and securities professionals are prohibited from conducting activities, including creating, developing and providing securities products to the public without approval from the SC-Law on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for approval to change nature of securities business operationAuthorization / permit requirements Security Exchange commissionA securities company approved to operate one type
of securities businesses must receive approval to
change its securities business
-Law on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for forms of business operation of securities companiesForm of establishmentSecurity Exchange commissionSecurities companies can operate three types of
businesses - financial advisor, securities broker,
securities underwriter.
-Law on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for payment of minimum registered capital by temporary license holder of securities companyMinimum capital requirementsSecurity Exchange commissionThe holder of a temporary certificate of securities
company must fully pay the registered capital into
its own cash account opened with a bank
-Law on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for securities companies to assign person to be in charge of information disclosure and notify this to the SCPerformance requirements (mandatory)Security Exchange commissionSecurities issuance companies, securities companies and securities exchange market must assign person to be in charge of information disclosure to the general public and must notify the name to the SC-Decision on information disclosure No. 014/SEC, dated 19 May 201131-12-9999
Requirement for securities companies to establish their own information technology systemPerformance requirements (mandatory)Security Exchange commissionSecurities companies must establish and develop
their own information technology system to
guarantee the successful operation of
the company
-Notification Subject: Establishment, development and application of an information technology system in securities companies No. 371/SECO, dated 24 February 201231-12-9999
Requirement to be licensed to incorporate securities companyForm of establishmentSecurity Exchange commissionA person or juridicalperson wishing to incorporate
a securities company can do so in the form of a company, except as a one-person limited company.
-Law on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirements for conditions to incorporate securities company include registered capitalMinimum capital requirementsSecurity Exchange commissionConditions for incorporation of securities company
include having adequate registered capital as
prescribed by the SC
-Law on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirements for specific form to establish of a securities company by a foreign securities companyForm of establishmentSecurity Exchange commissionA foreign securities company can establish a
securities company by sole investment, joint
investment with financial institutions incorporated
nationally, or a branch office or a representative
office with approval.
-Law on Securities No. 21/NA, dated 10 December 201231-12-9999