You can open a CDS account with any Authorised Depository Agents (“ADAs”). All stockbroking companies in Malaysia are currently ADAs. You may locate the contact details of the head offices of all ADAs/stockbroking companies on the Bursa Malaysia website.
If you are an individual investor, you may visit an ADA/stockbroking company of your choice and:
a. Complete the CDS Account Form
b. For Malaysians, to submit the CDS Account Form together with two (2) certified true copies of your Malaysian National Registration Identity Card (“NRIC”). As for foreigners, to submit two (2) certified true copies of your valid passport; and
c. Pay the CDS account opening fee.
Alternatively, you may submit your CDS account opening request via the Bursa Anywhere mobile application (“Bursa Anywhere”) by completing the electronic account opening form, and selecting your preferred ADA/stockbroking company. However, this service is currently offered to Malaysians with MyKad only.
If you are a corporate investor, you are required to:
a. Complete the CDS Account Form;
b. Submit the CDS Account Form together with two (2) certified true copies of all necessary supporting documents (e.g. certificate of incorporation, board resolution, list of authorised signatures, etc); and
c. Pay the CDS account opening fee.
Your ADA/stockbroking company will then open the CDS account and furnish you with a CDS account number. Bursa Depository will notify you via the account opening confirmation notice.
Prior to executing any securities trades, you are required to open a trading account with a stockbroking company as well as maintain a CDS account with ADA/stockbroking company.