You must open a Central Depository System (CDS) account with one of the Authorised Depository Agents (ADA) or stockbroking companies if you wish to trade securities listed on Bursa Malaysia.
In the event that you had applied for Initial Public Offering (“IPO”) without a CDS account before December 2003 and was successful in your IPO application, Bursa Depository would have opened a CDS account on your behalf with the ADA of your choice. Bursa Depository would have informed you of the CDS account and the need for you to formalise the opening of the CDS account by submitting the relevant documents required as well as paying the account opening fee. The CDS account cannot be dealt with until all these formalities are complied with.