Transfer Of Securities In CDS Account
Do you know that you can transfer shares out to your family member?
However you can’t transfer to someone else’s account who is not your family member.
By definition, the family member means the transferor (the person who initiates the transfer) and transferee (the person who receives the transferred securities), have the following relationships:
1. Parents
2. Children/Adopted children
3. Spouse
4. Brothers
5. Sisters
6. Grandparents
7. Grandchildren
The transferor are required to enclose the relevant supporting documents when initiating such transfers such as birth certificates/ marriage certificate etc.
The share can only to be transfer out from Direct CDS or account nominee accounts held by an Authorized Nominee (where the individual depositors are indicated as beneficial owners).
Do visit your Broker the perform this transferring process.
How To Fill Up the Transfer of Securities Request Form?
You may refer to the steps below for the procedure of transfer of securities:
1. Fill up the details in the Transfer form as below (refer to attached file):-
• Section A : Particulars of Depositor
• Section C : Particulars of Transferee
• Section D : Particulars of Securities
Reason For Transfer : Category B : Change in Beneficial Ownership
B2: Family Member
2. Transfer fee is based on the number of securities requested for transfer. For Each counter is RM10.00.
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