Malaysia legislation
Section 29
Section 29
(2)
Subject to this Part, a dealing effected under this section shall be effective—
(a)
in the case of a non-bearer security, without the need for an instrument in writing; and
(b)
in the case of a bearer security, without the need for delivery of the scrip representing the security.
Securities Industry (Central Depositories) 45
Dealings in deposited securities shall be effected by beneficial owners or authorized nominees