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From ANN:

-the episode count for Code Geass: Hangyaku no Lelouch R2 have been reduced to 15, this decision was made by the production team and Sunrise, the decicion was made due to bad

ratings over the last couple of weeks. "falling behind the charts cannot be blamed on the time slot, there are other shows that air very late at night and get better ratings,we

never expected this to happen, so decision came from sunrise who forced us to cut the season"-Said by Yukawa Atsushi. Sunrise is now pushing their production teams to move

Gundam 00 Season 2 for an earlier broadcasting and are trying to get a better time slot for the show. it's expected that the story of Code Geass will continue on a Manga format.