Bursa Malaysia Berhad has accelerated the release of a new feature on its Bursa Anywhere mobile application to help Central Depository Services (CDS) account holders to manage their accounts remotely in light of the ongoing COVID-19 outbreak.
The new feature allows CDS account holders to reactivate dormant and inactive CDS accounts online without needing to physically visit their brokers.
Additionally, all reactivation fees normally charged to reactivate dormant CDS accounts are waived for reactivations carried out via the app, effective from 10 April to 10 July 2020 adding that currently, there are no charges for reactivating inactive CDS accounts.
Bursa Anywhere app, a one-stop platform that allows individual investors access to their CDS accounts via their smart devices
Bursa Anywhere that was launched in June 2019 has garnered over 40,000 downloads. The features offered by the app include:
- Transfer of shares between an investor’s CDS Accounts via FPX
- Consolidated view of an investors’ CDS accounts (if they have multiple accounts)
- Marked-to-Market Portfolio Value (for securities)
- Self-service updating of CDS information
- Alerts on corporate announcements for an investor’s portfolio
- Access to e-statements with a 12-month archive.
Bursa Malaysia is committed to ensure the safety and well-being of their investors
Its chief executive officer Datuk Muhamad Umar Swift said Bursa Malaysia is committed to take all necessary steps to minimise the impact of the adverse events caused by Covid-19, as well as ensuring the safety and well-being of their investors. Hence, Bursa Malaysia has decided to accelerate the launch of the new feature to give their investors greater access and convenience during these trying times.
“It is in our interest to ensure our services remain available and accessible to our investors at all times with minimal or no disruption, keeping in mind their health and safety. With our new feature, CDS account holders need not physically visit their brokers to reactive their CDS accounts but instead can now perform their transactions online through the APP from the comfort of their homes”.