• Based on the Law on Securities (Amended), No. 79/SPA, dated 3 December 2019;

• Based on the Decision on Approval of Asset Valuation Companies (Amended), No. 10/KKC, dated 22 June 2022.

The asset valuation company wishing to provide asset valuation service relating to securities activities shall satisfy the conditions as prescribed in Article 78 of Law on Securities (Amended) and shall satisfy the following conditions:

1. Having a minimum registered capital of five hundred million Kip (500,000,000 Kip);

2. Identifying the name of the company must contain the word “asset valuation”;

3. Having directors with diplomas in property valuation, accounting, finance or other related fields;

4. Being a domestic asset valuation company or a foreign asset valuation company in the list of asset valuation companies approved by a jurisdiction which is a member of the International Organisation of Securities Commissions (IOSCO) or being in the list of asset valuation companies approved by a foreign securities supervisory authority which has signed the MOU with the securities supervisory authority of the Lao PDR;

5. Having a good reputation and experience in conducting asset valuation services;

6. Having a secure intenal contral system;

7. Having at least two asset valuation professionals with an asset valuation practitioner certificate or a certificate of registration of asset valuation professional issued by a domestic or foreign securities supervisory authority and relevant asset vuluation business association;

8. Having sound financial status or operating a business with a profit in the latest financial year prior to submission of application documents for approval to the Lao Securities Commission Office, except for a newly established asset valuation company;

9. Other conditions as prescribed by the Lao Seurities Commission office