Opening of CDS account
KBA-01000-X2J4V4
Question
Who may open a CDS account?
Answer

The CDS account may be opened by:

An individual who has reached the age of eighteen (18) years as of the application date.
A corporation within the context of Section 4 of the Companies Act 1965.
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.
A society under any written law relating to co-operative societies.
A trustee or trust corporation duly constituted under any written law.
Any society registered under the Societies Act 1966.
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. You may approach any of the following stockbroking firms or Authorised Depository Agents for the above.
Their contact details are available here.