Section 23D — Entitlement to apply to deregister as registered retailer

(1)A registered retailer may apply to the Agency to be deregistered in respect of a class of regulated retailers for which the registered retailer is registered if —

(a)the registered retailer ceases to be a regulated retailer of that class; or

(b)the annual turnover of the registered retailer for each of 3 consecutive years does not exceed the prescribed annual turnover for that class.

(2)A registered retailer must give the Agency written notice of the date of the cessation mentioned in subsection (1)(a), at least 30 days before that date.[Act 14 of 2023 wef 26/05/2023]