Conditions for Approval

Approval to operate as a settlement agent bank is subject to the following conditions:

1. The bank must have a system capable of connecting with the securities company for which it acts as a settlement agent, the stock exchange, or other settlement agent banks, in order to support securities trading transactions;

2. The bank must maintain adequate capital in accordance with the regulations set forth by the Bank of the Lao PDR from time to time;

3. The bank must have sufficient readiness to provide services to ensure smooth securities trading activities for investors, particularly in terms of:

   • Having adequate and qualified personnel,

   • Effective risk management,

   • And other necessary operational readiness.