<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".11" citation="COMAR 31.04.18.11" title_num="31" subtitle_num="04" chapter_num="18" heading="Disclaimers and Termination of Registration.">
  <paragraph num="A.">
    <text>A disclaimer of affiliation or a request for termination of registration claiming that a person does not, or will not upon the taking of some proposed action, control another person (hereinafter referred to as the “subject”) shall contain the following information:</text>
    <paragraph num="(1)">
      <text>The number of authorized, issued, and outstanding voting securities of the subject;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>With respect to the person whose control is denied and all affiliates of such person, the number and percentage of shares of the subject’s voting securities which are held of record or known to be beneficially owned, and the number of shares concerning which there is a right to acquire, directly or indirectly;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>All material relationships and bases for affiliation between the subject and the person whose control is denied and all affiliates of such person; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>A statement explaining why the person should not be considered to control the subject.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>A request for termination of registration shall be deemed to have been granted unless the Commissioner, within 30 days after receipt of the request, notifies the registrant otherwise.</text>
  </paragraph>
</regulation>