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CSD-2.6.11

Past version: Effective from 01 May 2009 to 31 Mar 2016
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Where an application is made under paragraph CSD-2.6.13 for the withdrawal of an immobilized 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.