It also said the additional features include allowing individual depositors to open new CDS accounts, subscribe for initial public offerings and rights issues, as well as make payments online to the Bursa Depository for CDS related transactions.
Other additional features are, facilitating other activities, including the transfer of securities between depositors own CDS accounts with the authorised depository agents’ approval, reactivate inactive or dormant CDS accounts, as well as make payments online to the Bursa Depository for CDS related transactions.
This is in line with Bursa Malaysia’s aspiration to transform customers’ experience and empower individual depositors with easy access to a wide range of depository services anywhere and anytime at their convenience.
In addition, this programme also promotes sustainability practices through digitalisation and encourages the industry to embrace digital transformation as a whole.
Rolled out yesterday, Release 1 allows depositors to perform various depository services via their smartphones such as viewing the balance shareholdings of their direct CDS accounts, accessing monthly statements, updating specific depositors’ particulars and receiving notifications in relation to their shareholdings.