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). No handling fee imposed.

 -          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