PART 5Pension accounts
CHAPTER 5Active member’s account
Closure of active member’s accountI145
1
The scheme manager must close an active member’s account in relation to a period of service when the scheme manager establishes in relation to that period of service—
a
a deferred member’s account under regulation 47; or
b
a full retirement account under regulation 51.
2
The scheme manager must re-establish an active member’s account under this Chapter when the scheme manager closes—
a
a deferred member’s account under regulation 50; or
b
a full retirement account under regulation 53.