
Article 1 
Regulation (EC) No 2771/1999 is amended as follows:

1.. Article 24 is replaced by the following:
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Article 24 
For the purposes of the tendering security provided for in Article 23(3)(b), the primary requirements within the meaning of Article 20 of Regulation (EEC) No 2220/85 shall be that tenders are maintained after the time limit referred to in Article 22(2) of this Regulation and that the price is paid within the deadline laid down in Article 24f(2) of this Regulation.'
2.. In Article 24e the following paragraph is added:
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3. Except in cases of force majeure, if the successful tenderer has not complied with the requirement provided for in paragraph 2 of this Article the tendering security referred to in Article 23(3)(b) shall be forfeited and the sale of the quantities involved shall be cancelled.'
3.. In Article 24f(3), the second subparagraph is deleted.
Article 2 
This Regulation shall enter into force on the day of its publication in the Official Journal of the European Union.
It shall apply, upon request by the operators concerned, to securities which have not yet been definitively forfeited.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 5 October 2007.
For the Commission
Mariann FISCHER BOEL
Member of the Commission