16Transfer of funds on account ceasing to be Saving Gateway account
(1)This section applies to an account which ceases to be a Saving Gateway account by virtue of regulations under section 10.
(2)Regulations may make provision about—
(a)the circumstances in which the funds in the account may be transferred to an investment plan of a kind prescribed by regulations, and
(b)the procedure to be followed on a transfer.
(3)Regulations may, in particular—
(a)require a person who is or was an approved account provider, on a request by the account holder, to issue a certificate to the account holder;
(b)prescribe the period within which the certificate is to be issued;
(c)prescribe the information to be included in the certificate;
(d)require the account holder to present the certificate to the provider of the investment plan to which the funds are to be transferred;
(e)require the provider of the plan to produce the certificate in prescribed circumstances.