Where a court has made a restraining order against a person's property, the court may, on application made by the person, revoke the order if:
(a) where the order was made in reliance on the person's conviction of an offence or the charging, or proposed charging, of the person with an offence--the person gives security satisfactory to the court for the payment of any amount that may be specified in a recovery order against the person; or
(b) the person gives undertakings satisfactory to the court concerning the person's property.