Withdrawal of notice of negotiation
12.—(1)  A notice of withdrawal of a notice of negotiation mentioned in section 48(1) of the Act must —
(a)be in Form 3; and
(b)be served on the persons mentioned in section 48(1) of the Act by the prescribed mode of service.
(2)  Apart from the persons mentioned in section 48(1) of the Act, the notice of withdrawal of a notice of negotiation must be served on an assignee of A (if any) —
(a)by the prescribed mode of service; and
(b)within the service period for that notice of withdrawal.
(3)  If a copy of the notice of negotiation has been lodged under paragraph 6 or 12 of Part 2 of the Fifth Schedule to the Act with a court, an arbitral tribunal or other person or body, before which proceedings were brought, A must, no later than 4 working days after the date of the notice of withdrawal, file with the court, or submit to the arbitral tribunal or other person or body, before which the proceedings are pending, a memorandum of the service of withdrawal in Form 4.
(4)  A memorandum of the service of withdrawal mentioned in paragraph (3) must —
(a)contain the following:
(i)information identifying the proceedings before the court, arbitral tribunal or other person or body;
(ii)a declaration of service of the notice of withdrawal which must state when such service was effected; and
(b)be accompanied by a copy of the notice of withdrawal.