Part FTransfer Values
Termination of right to count reckonable serviceF3.
A person—
(a)
in respect of whom a transfer value has been paid under regulation F1; or
(b)
who has acquired a right to a cash equivalent and exercised the option to take that right,
ceases to be entitled to count as reckonable service, or as part of a qualifying period within the meaning of regulation E3, any period to which the transfer value or cash equivalent related.