1. Denaturing premium certificates issued pursuant to Regulation (EEC) No 1574/72 which are still valid as regards all or part of the initial quantity of sugar concerned shall be cancelled on application from the titular holder or the transferee, as the case may be, if such application is made before 31 July 1973.
2. The denaturing security shall be released, in respect of the quantity of sugar affected, immediately after the cancellation of the certificate.