The changes are as follows:

a. Introduction of a new Transfer of Securities Request form which incorporated more user-friendly features and a declaration clause.
b. The cut-off time for depositors to lodge their transfer-related documents with their respective ADA/stockbroking company or Authorised Depository Member (ADM) was extended from 12.00pm to 3.00pm.
c. The previous ten (10) approved reasons have been reclassified to two (2) broad categories, as stated below:

A. No Change in Beneficial Ownership
This category of approved reason for transfer caters to transfers that result in no change to the beneficial ownership of securities. Under this category, the name of the beneficial owner is transparent and identical at both the securities accounts of the transferor and transferee, thus no supporting document is required.

B. Change in Beneficial Ownership
This category of approved reason for transfer covers scenarios such as transfers pursuant to General Offer, transfers between family members, transfers arising from pledging of securities, transfers involving Government Authorities and transfers that require prior approval from Bursa Depository. Except for transfers involving Government Authorities, the rest of the approved reasons require supporting documents.