A person may apply to the registrar for the cancellation of a unilateral notice if he is—
the registered proprietor of the estate or charge to which the notice relates, or
a person entitled to be registered as the proprietor of that estate or charge.
Where an application is made under subsection (1), the registrar must give the beneficiary of the notice notice of the application and of the effect of subsection (3).
If the beneficiary of the notice does not exercise his right to object to the application before the end of such period as rules may provide, the registrar must cancel the notice.
In this section—
"beneficiary", in relation to a unilateral notice, means the person shown in the register as the beneficiary of the notice, or such other person as rules may provide;
"unilateral notice" means a notice entered in the register in pursuance of an application under section 34(2)(b).