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| Name | Financial business undertaking to be legally established |
|---|---|
| Description | A commercial bank that engages in financial business such as leasing and insurance can only do so if it establishes a specific legal entiy for this purpose and meets specified regulations such as having a good financial position and implementing prudential requirements. |
| Comments | - |
| Validity From | 25-09-2009 |
| Validity To | 31-12-9999 |
| Reference | Articles 16 and 17 |
| Status | Active |
| Measure Type | Form of establishment |
| Agency Name | Bank of the Lao PDR |
| Legal Document | Decree On the Implementation of the Law on Commercial Bank No. 275/PM, dated 25 September 2009 |