Application to open trading and CDS accounts still mostly require face-to-face interaction
Application to open CDS account requires wet signature
The objective
To enable investors with the option to apply for both trading and CDS account online, with a fully digital experience
Outcome
1.
Enabling Participating Organisations (POs) to offer non-face-to-face verification for online trading and CDS account opening
Amendments to Bursa’s Directive No. 5-001 (Directive On Conduct Of Business) in relation to the requirements on account opening and client onboarding which facilitates non-face-to-face verification for the opening of trading accounts
2.
Removing the need for wet signature when opening CDS account
Amendment to the Rules of Bursa Depositories Sdn Bhd to enable submission of applications to open a securities account via CDS eServices
The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.
