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Covered warrants and certificates of deposit cancellation

This service enables to obtain the approval of cancelling the issuance/ registration of covered warrants and deposit certificate

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Service Process

Conditions & Requirements

The Authority may cancel the listing of any Depository Receipt traded in the Market in any of the following events: 1. A resolution is made to dissolve or liquidate the Foreign Issuer or to appoint a receiver to administer the Foreign Issuer's activities or assets.

The listing suspension continues for six (6) months or more.

The Foreign Issuer merges with another company(s) whereby the Foreign Issuer ceases to have a legal personality.

The Foreign Issuer ceases to perform its activities.

If there has been any material breach to these Regulations.

Service completion duration

Application (Processing) Time
1 Hours

Service Duration
15 Days

Service channels
  1. SCA WEBSITE
Target audience
  • Financial services company
Service Code

370-001-023-003

Required Documents

  1. Application to CMA on company paper, stamped and signed by authorized signatory, stating reasons for Covered Warrants delisting.

  2. Proof that the investors recovered their rights

  3. An acknowledgment by the issuing company, stating that all investors' rights have been paid.

  4. Number of the existing Covered Warrants and their value.

  5. Proposed timetable for the execution of Covered Warrants delisting.

  6. A proof on Payment of all dues of the CMA and the market wherein the Covered Warrants are listed

  7. A certificate from the market / stock of exchange wherein the Covered Warrants are listed, stating that the Number of listed Covered Warrants; their value; number of investors therein.

  8. An acknowledgment by the issuer signed by its authorized signatory on the validity and accuracy of the information, data and documents submitted thereby.

  9. A Proof on payment of the CMA’s fees.

  10. A request on the foreign company’s letterhead, signed and stamped by an authorized person, including the meeting minutes approving delisting and clarifying holders’ rights and redemption process.

  11. The mechanism of not causing damages to the Deposit Certificates owners who have pledged the same (if any).

  12. Reasons for Deposit Certificates delisting

  13. A proof of investors' recovery of their rights

  14. Number and value of the existing Deposit Certificates

  15. Proposed schedule for the execution of Deposit Certificates delisting.

  16. An acknowledgment by the foreign issuing company and the depository bank or its agent stating that the issuing company paid all the rights of the Deposit Certificates owners.

  17. A proof on Payment of all dues of the CMA and the market wherein the Deposit Certificates are listed.

  18. A certificate from the market / clearing listed with the Deposit Certificates stating: - Number and value of the listed Deposit Certificates; number of investors therein

  19. Number of pledged Deposit Certificates.

  20. Certificate signed by company and legal consultant confirming no restrictions, or compliance with any restrictions, on delisting Deposit Certificates.

For assistance, get in touch through

Call: 800 SCAUAE (722823)

Working Hours

  • Monday-Thursday: 7:30 AM - 3:30 PM
  • Friday: 7:30 AM - 12:00 PM
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