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  • Withdrawal of Immobilised Securities

    • CSD-2.6.10

      A depositor may by an application to the central depository withdraw an immobilised security standing to the credit of his securities account.

      Amended: April 2016

    • CSD-2.6.11

      Where an application is made under paragraph CSD-2.6.10 for the withdrawal of an immobilised security which is registered in the name of a central depository or its depository participant, the central depository shall forthwith place such security under suspense with the issuer including:

      (a) The certificate representing the security; and
      (b) The instrument of transfer duly executed by the central depository or its depository participant, as the case may be,

      for the purpose of effecting the transfer in favour of the depositor.

      Amended: July 2016
      Amended: April 2016

    • CSD-2.6.12

      An issuer shall, within two weeks after the certificate and the instrument of transfer in respect thereof are lodged with it:

      (a) Complete and have ready for delivery to the depositor, the appropriate certificate registered in the name of such depositor; and
      (b) Unless otherwise instructed by the depositor, send or deliver the completed certificate to the depositor.

    • CSD-2.6.13

      No person shall trade any security withdrawn from a central depository on a licensed exchange, unless such security is redeposited in a central depository.