1.This Regulation does not affect the applicable period of validity and the amount of the security lodged for licences which have not expired on 6 November 2016.
2.At the request of the titular holder, the security lodged for a licence shall be released when all of the following conditions are met:
(a)
the validity of the licence has not expired on the date referred to in paragraph 1;
(b)
the licence is no longer required for the products concerned from the date referred to in paragraph 1;
(c)
the licence has been used only partially or not at all on the date referred to in paragraph 1.