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(1) The registrar shall remove a party's entry from the register if -
(a) it lapses under section 7, or
(b) the party applies to have its entry removed.
(2) Where a party's entry is removed from the register, the registrar shall, in considering applications made by other parties before or during the transitional period, treat the entry as still being in the register.
(3) The transitional period is the period of three months beginning with the day on which the entry is removed from the register.