69.1. An issuer that has become a reporting issuer following the filing of a prospectus for which a receipt was obtained from the Commission may, where the distribution in question does not result in the anticipated issue of securities, apply to the Commission to have his status as a reporting issuer revoked.
An issuer that has become a reporting issuer as a result of a take-over bid circular filed with the Commission may, where the take-over bid by way of exchange of securities does not result in the anticipated exchange of securities, apply to the Commission to have his status as a reporting issuer revoked.
In each of the above cases, the Commission may revoke the issuer’s status as a reporting issuer or, on such conditions as it may determine, release the issuer from all or part of the continuous disclosure requirements specified in Chapter II of this Title.