Share recovery: SC eases requirement on certification of supporting documents

Kuala Lumpur, 15 December 1998

The Securities Commission (SC) recently announced procedures for investors to apply to the Share Recovery Unit (SRU) for the return of their securities. Since then, investors' feedback to the Commission has highlighted difficulties in obtaining certification of supporting documents for share recovery applications.

In order to facilitate investors' compliance with the Commission's certification requirements, the Commission will accept certification of copies of supporting documents from the following persons in Malaysia:

  • Judicial and legal officers (which includes all magistrates and Sessions Court judges);
  • Justices of Peace;
  • Penghulus;
  • Commissioners for oaths;
  • District officers;
  • Government officers;
  • Licensed remisiers and stockbrokers; or
  • Advocates and solicitors.

For persons residing in a foreign jurisdiction, the Commission will accept certification by registered lawyers, licensed brokers, licensed financial advisors, notaries public or Malaysian diplomatic and consular officers in all foreign countries. Where a country has no requirement for a national identity card, the Commission will accept a certified copy of the applicant's passport, birth certificate, driver's licence or social security identification as proof of identity.

SECURITIES COMMISSION MALAYSIA

Issued on behalf of the Securities Commission. For assistance, please contact the Corporate Affairs Department at tel.no. 03-2597164 (Karen De Cruz) / 03-2507550 (Nafizah Omar) or fax no. 03-2536184.
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