Application for Business Operation License of a Fund Management Company for Investment Purposes

Any person intending to apply for a business operation license as a fund management company for investment purposes must meet the conditions stipulated in Article 72 of the Law on Securities (Amended). Foreign fund management companies may also establish and manage investment funds in the Lao PDR.

For foreign fund management companies without an office in the Lao PDR that intend to operate, establish, and manage investment funds within the Lao PDR, the following conditions must be met:

1. The company must be lawfully established and operate in accordance with the relevant laws and regulations of its home country;

2. The company must be listed in the registry of fund management companies for investment purposes in a country that is a member of the International Organization of Securities Commissions (IOSCO), or in a country that has signed a Memorandum of Understanding (MoU) on cooperation with the Lao Securities Commission Office (LSCO);

3. The company must have an official business cooperation agreement with a fund management company for investment purposes that is legally established and operating in the Lao PDR;

4. The company must obtain approval from the Lao Securities Commission Office (LSCO).