107Retirement of certificates

107  Retirement of certificates

 (1) The registered owner of a REGO certificate may request that the Regulator retire the certificate.

 (c) include the following information:

 (i) the purpose of the retirement;

 (ii) the person (who may be the registered person) or entity for whose benefit the certificate is retired;

 (iii) such other information as is prescribed by the rules.

 (3) On receiving the request, the Regulator must:

 (a) retire the certificate by updating the register to record that the certificate is retired at the start of a specified day; and

 (b) update the certificate to include the information mentioned in paragraph (2)(c).

 (4) However, the Regulator must not retire the certificate in circumstances prescribed by the rules.

 (5) A request under this section cannot be made by a person whose registration is suspended under section 18.

 (6) This section has effect subject to section 108 (retirement of below‑baseline certificates).