Once securities are registered, they remain registered until the issuer decides to have the securities de-registered with the Commission. The issuer shall submit a formal request for de-registration of securities. The following documents must accompany the application for de-registration
a) Submission of written notification of the issuers intention to de-register and the reasons(s) therefore;
b) Submission of certified resolution in general meeting authorizing the de-registration;
c) Where the securities are listed on an exchange, the issuer must submit documentary evidence that the securities were delisted from the exchange.
The de-registration will take effect after 90 days from the date the issuer receives the Commission’s approval to de-register the issuer’s securities.
