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DD/DSD/ADA003 Chapter 807/03/22 Appendix 102Personal Representative Authorisation Letter Date: Bursa Malaysia Depository Sdn BhdDear Sirs, PERSONAL REPRESENTATIVE AUTHORISATION LETTER NAME OF DECEASED
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What is authorised nominee dear sirs?
An authorised nominee is an entity or individual that acts on behalf of another party for the purpose of managing assets, investments, or financial accounts, particularly in relation to securities and shares.
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Typically, companies or trusts that hold securities on behalf of others and are registered with the relevant regulatory bodies may be required to file as authorised nominees.
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To fill out an authorised nominee form, individuals or entities should provide accurate information regarding ownership, registration details, and any relevant account information as stipulated by the filing guidelines.
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The purpose of an authorised nominee is to facilitate transactions and manage investments for clients, ensuring compliance with regulatory requirements while providing a streamlined approach to asset management.
What information must be reported on authorised nominee dear sirs?
Information that must be reported includes the nominee's details, the actual owners' details, the nature of the ownership, and any relevant transactions or holdings.
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