Transmission of Title - Procedure
KBA-01029-W2K4X3
Question
What is the procedure for transferring securities in the case of a deceased depositor?
Answer

Procedures are as follows:

1. Upon the extraction of the Grant of Representation (GOP), Letter of Administration (LA) or the Distribution Order, transfer of securities from the deceased depositor's account may be performed by the executor/administrator appointed pursuant to the GOP or the beneficiary named in the Distribution Order, who must be personally present before an officer of Bursa Malaysia Depository to execute the relevant transfer form.

Please note that the GOP/LA obtained from other countries have to be duly resealed in the High Court of Malaysia.

2. Submit the following documents to Bursa Malaysia Depository for verification:
a. Certified true copy of the death certificate
b. Original or certified true copies of the GOP/LA/Distribution Order
c. Original or certified true copies of NRIC of the executor/administrator or beneficiary named in the Distribution Order

3. Pay the RM10.00 transfer fee* and RM50 processing fee*

Additional Comments

These FAQs are meant to provide general information. Whilst Bursa Malaysia Berhad has used reasonable endeavours to ensure that information contained in this document are accurate and correct, the provision of information in this document is provided on an “as is” basis without any representations or warranties of any kind.

 

Bursa Malaysia Berhad disclaims any and all liability in respect of any claim arising out of or relating to these FAQs. These FAQs shall be read in conjunction with the relevant terms and conditions, laws, regulations and rules pertaining to the eDividend and eStatements services which are available at Bursa Malaysia Berhad’s website at www.bursamalaysia.com