How do I open a CDS account if I cannot be present in person?
Posted by Sathisan Balan on 14 October 2011 05:28 PM

How do I open a CDS account if I cannot be present in person?

 

Pursuant to Rule 25.01 (1A) of the Rules of Bursa Malaysia Depository, it is mandatory for an individual to be present in person before the ADA if he intends to open or formalise a securities account. In the event that he is unable to do so, the ADA may be pursuant to Rule 5.02A (2) expressly waive the requirement to be present in person. The ADA may instead permit the investor to submit the relevant account opening form (available at all ADAs) and present his documents for verification in front of any of the following people who are also required to witness or certify the supporting documents:

  1. Dealer's representative
  2. Authorised Officer of an ADA
  3. Authorised Officer of an Exempt Dealer
  4. Authorised Officer of a Malaysian Embassy/High Commission Consulate
  5. Notary Public (in the absence of a Notary Public in applicant's country, the authorized officers of a licensed stockbroking company or the lawyers* of that country may be allowed to verify)
  6. Others as approved by Bursa Malaysia Depository


*an advocate/solicitor or barrister admitted to the recognised Bar council of the respective country.


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