Who may open a CDS account?

The CDS account may be opened by:

1. An individual who has reached the age of eighteen (18) years as of the application date.
2. A corporation within the context of Section 4 of the Companies Act 1965.
3. Any corporate body that is incorporated within Malaysia and is by notice, published in the Gazette, declared as a public authority or an instrument or agency of the Government of Malaysia or of any Malaysian State.
4. A society under any written law relating to co-operative societies.
5. A trustee or trust corporation duly constituted under any written law.
6. Any society registered under the Societies Act 1966.
7. Statutory bodies incorporated under an Act of Parliament.

In general, a CDS account can only be opened if the persons are opening it either as a beneficial owner or as an Authorised Nominee.