FAQs
Withdrawal of Securities
- Are there any exceptions to the prohibitions of withdrawals, since its inception on 1st September 1998?
A depositor/issuer shall not withdraw deposited securities from Bursa Depository’s safe except in any one of the following circumstances:
To facilitate share buy back;
To facilitate conversion of debt securities;
To facilitate company restructuring processes;
To facilitate rectification of errors;
When a corporate body is removed from the official list of a stock exchange where such securities are unlisted securities);
To facilitate redemption or partial redemption of the non-equity securities or any other action by the issuer that results in a cancellation of the non-equity securities;
To facilitate the restructuring of the non-equity securities arising from a declaration of an event of default in respect of the non-equity securities;
To facilitate a transmission of securities out from the Depository as contemplated under Rules 19.03 and 28.07
In relation to a Special Purpose Acquisition Company (“SPAC”) as defined under the Commission’s Equity Guidelines, to facilitate the SPAC’s compliance with the Commission’s Equity Guidelines or the Listing Requirements of the Stock Exchange; or
In any other circumstances determined by Bursa Depository from time to time, after consultation with the Securities Commission Malaysia.
- What is the condition to perform withdrawal of delisted securities?
The depositor may request his ADA/stockbroking company to check the availability of Share Registrar of said delisted securities. If the Share Registrar is still available, the depositor may submit his withdrawal application to the ADA/stockbroking company.