Pursuant to the (Amended) Regulation on Managing the Acquisition and Sales of Securities by Foreign Investors in Lao PDR, No. 005/SEC, foreign investors are entitled to hold stocks of a security issuing company or listed company as per limits stipulated, in order of priority, in the following: 1. As defined in the laws of the relevant sectors; 2. As defined by the Resolutions of the Shareholders’ Meeting of the security issuing company or the listed company; 3. As instructed by the SEC for each case. For the purpose of the OECD FDIRRI, it is considered that the limit of 10%-20%, which seems to apply as per SEC instructions in the few listed securities, is a standard instruction that would apply across all securities.
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Law on Securities, No. 21/NA of 10 December 2012.
Regulation on Managing the Acquisition and Sales of Securities by Foreign Investors in Lao PDR, No. 005/SEC of 8 December 2015, Art. 8.
[<a href="http://lsc.gov.la/Doc_legal/Law%20on%20Securities%20Eng_edited_2019_d29.pdf">Law</a>],[<a href="http://www.lsc.gov.la/Doc_legal/Regulation%20Lsc%20005%20on%2008%20Dec%202015.pdf">Regulation</a>]