Closure of active member’s accountN.I.
This section has no associated Explanatory Memorandum
45.—(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.