Is it mandatory to withdraw delisted securities from Bursa Depository?

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Delisted Securities Do Not Necessarily Need to Be Withdrawn from Bursa Depository

Following the delisting of a company's securities from Bursa Securities, it is not mandatory for these securities to be withdrawn from the Bursa Depository. Shareholders have the option to retain their securities within the central depository system or to withdraw them in the form of physical certificates.
Retention of Securities Post-Delisting

Securities of a company that has been delisted from Bursa Securities can continue to be held within the Bursa Depository. The delisting event itself does not automatically necessitate the removal of these securities from the depository system.
Option for Physical Certificate Withdrawal

Shareholders who prefer to hold their securities as physical certificates have the ability to withdraw them from their Central Depository System (CDS) accounts. This withdrawal process can be initiated at any time subsequent to the company's official delisting date.
Procedure for Withdrawal

To effect the withdrawal of securities for physical certificate holding, shareholders must follow specific procedures. This involves submitting a prescribed application form for withdrawal, as outlined by Bursa Depository's guidelines.

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Is it mandatory to withdraw delisted securities from Bursa Depository?

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