FAQs
What are the differences between a Rakuten Trade nominee account and a typical broker's nominee account?
The following are the differences of Rakuten Trade Nominees and typical Nominees account:
Types |
Rakuten Trade Nominees Account |
Typical Broker Nominees Account |
Account Name |
Kenanga Nominees (Tempatan) Sdn Bhd Rakuten Trade Sdn Bhd for customer name |
X Nominees (Tempatan) Sdn Bhd for Customer name |
IPO Application |
NO |
NO |
Annual Report |
Send to KIBB Nominee |
Send to X Nominee |
AGM/EGM |
to attend AGM/EGM, simply email your request to Customer Service 10 working days before the AGM/EGM |
Requires Proxy Letter from X Nominee |
E-dividend |
NO |
NO |
Corporate Action Exercise |
Handled by Rakuten Trade based on customers instruction from the website (online). |
Handle by X Nominee on instructions. |
Note: Excludes out of pocket expenses / charges / fees and other miscellaneous charges levied / charged by authorities, regulators, registrars, banks, service providers and custodian agents. Do note that you cannot apply for an IPO and you will not receive annual reports/ dividend vouchers directly from the Registrar (you need to request manually from us via email). Corporate Actions will be handled by Rakuten Trade based on your instruction (via online subscriptions or email). (these charges may be subject to changes from time to time)
Yes except that you cannot apply for an IPO and you will not receive annual reports/ dividend vouchers directly from the Registrar. You will need to request manually from us via email.
A nominee account is a securities account opened by an authorised nominee in accordance with Bursa Rules. With Rakuten Trade, your CDS account is held under Kenanga Investment Bank.
This means that the name on your account will be KENANGA NOMINEES (TEMPATAN/ASING) SDN BHD RAKUTEN TRADE SDN BHD FOR [CLIENT NAME]
Types |
Exclusively at Rakuten Trade |
Account Name |
Kenanga Nominees (Tempatan) Sdn Bhd Rakuten Trade Sdn Bhd for [customer name] |
IPO Application |
No, you cannot apply for an IPO |
Annual Report |
Sent to KIBB Nominee |
AGM/EGM |
To attend AGM/EGM, simply email your request to Customer Service ten (10) working days before the AGM/EGM |
E-dividend |
No e-dividend. Your dividend(s) will be credited into your Rakuten Trade account |
Corporate Action Exercise |
Handled by Rakuten Trade based on customers instructions from the website (online). |
- You cannot apply for an IPO
- You will not receive annual reports/ dividend vouchers directly from the Registrar (you need to request manually from us via a call/email)
- Corporate Actions will be handled by Rakuten Trade based on your instruction (via online subscriptions/email/ phone call)
- Your dividend(s) will be credited into your Rakuten Trade account at least five (5) working days