Bursa Malaysia only allows transfers between immediate family members. The approved relationships between transferor (the person who initiates the transfer) and transferee (the recipient) are:

a. Parent
b. Child/Adopted child
c. Spouse
d. Brother
e. Sister
f. Grandparent
g. Grandchild

Individual depositors are also able to transfer securities from their CDS accounts held directly in the name of the individual depositor or nominee accounts held by authorised nominee* (where the individual depositors are indicated as beneficial owners) to CDS accounts held directly in the name of their family members. They will be required to enclose the relevant supporting documents when initiating such transfers, as advised by the ADA/stockbroking company.

However, the transfer of securities from the depositors' Pledged Securities Accounts directly to their family members' CDS accounts is not permitted.

*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.