PETALING JAYA: Bursa Malaysia has accelerated the release of a new feature on its Bursa Anywhere mobile app, which allows central depository services (CDS) account holders to reactivate dormant and inactive CDS accounts online without the need to physically visit their brokers.
In addition, the local bourse has waived all reactivation fees normally charged to reactivate dormant accounts via the app, from April 10 to July 10, 2020.
Currently, there are no charges for reactivating inactive CDS accounts.
Bursa Malaysia CEO Datuk Muhamad Umar Swift said the exchange is committed to take all necessary steps to minimise the impact of the adverse events caused by the Covid-19 outbreak as well as ensuring the safety and well-being of its investors
“As such, we have decided to accelerate the launch of the new feature to give our investors greater access and convenience during this trying time,” he said in a statement.
Umar explained that it is in its interest to ensure that services remain available and accessible to investors at all times with minimal or no disruption, keeping in mind their health and safety.
“We will continue to enhance our digital touchpoints to provide solutions that can further connect and help create an impact in our marketplace,” he said.
Bursa listed that among the features on its one-stop platform are the transfer of shares between an investor’s CDS accounts via FPX, consolidated view of an investors’ CDS accounts for those with multiple accounts, as well as a marked-to-market portfolio value for securities.
The app also provides its users with a self-service updating of CDS information, alerts on corporate announcements for an investor’s portfolio and access to e-statements with a 12-month archive.
Launched in June 2019, the Bursa Anywhere app has garnered over 40,000 downloads, since then. CDS account holders can download the APP from the Apple Store and Google Play Store to manage their CDS accounts.
