A Central Depository System (CDS) account may be opened by:

• Individuals aged 18 years or older as of the application date.
• Corporations as defined under Section 3 of the Companies Act 2016, including limited liability partnerships under Section 2 of the Limited Liability Partnerships Act 2012.
• Any corporate body that is incorporated within Malaysia and is by notice published in the Gazette, declared as a public authority or an instrumentality or agency of the Government of Malaysia or of any Malaysian State;
• Societies under any written law relating to co-operative societies;
• Trustees or trust corporations duly constituted under any written law;
• Societies registered under the Societies Act 1966.
• Statutory bodies incorporated under an Act of Parliament.

Ownership Requirements

A CDS account may only be opened by an individual or entity acting as:

• A beneficial owner, or
• An authorised nominee*

*Authorised nominee means a person who is authorised to act as a nominee as specified in accordance with the schedule prescribed under part VIII of the Rules of Bursa Malaysia Depository Sdn. Bhd.