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.
Title | Description | Create Date | Update Date | Issued By | File Download |
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Name | Measure Type | Agency | Description | Comments | Legal Document | Validity |
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Prohibitions for Securities Companies and Securities Professionals | Prohibition | Security Exchange commission | Securities 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 2012 | 31-12-9999 |
Requirement for approval to change nature of securities business operation | Authorization / permit requirements | Security Exchange commission | A 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 2012 | 31-12-9999 |
Requirement for forms of business operation of securities companies | Form of establishment | Security Exchange commission | Securities companies can operate three types of businesses - financial advisor, securities broker, securities underwriter. | - | Law on Securities No. 21/NA, dated 10 December 2012 | 31-12-9999 |
Requirement for payment of minimum registered capital by temporary license holder of securities company | Minimum capital requirements | Security Exchange commission | The 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 2012 | 31-12-9999 |
Requirement for securities companies to assign person to be in charge of information disclosure and notify this to the SC | Performance requirements (mandatory) | Security Exchange commission | Securities 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 2011 | 31-12-9999 |
Requirement for securities companies to establish their own information technology system | Performance requirements (mandatory) | Security Exchange commission | Securities 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 2012 | 31-12-9999 |
Requirement to be licensed to incorporate securities company | Form of establishment | Security Exchange commission | A 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 2012 | 31-12-9999 |
Requirements for conditions to incorporate securities company include registered capital | Minimum capital requirements | Security Exchange commission | Conditions for incorporation of securities company include having adequate registered capital as prescribed by the SC | - | Law on Securities No. 21/NA, dated 10 December 2012 | 31-12-9999 |
Requirements for specific form to establish of a securities company by a foreign securities company | Form of establishment | Security Exchange commission | A 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 2012 | 31-12-9999 |