7.—(1) An opted-out service election must not be made unless a remediable service statement has been provided in accordance with regulation 4.
(2) An opted-out service election must be made—
(a)in writing to the scheme manager;
(b)by the end of 12 months beginning with the date of receiving a remedial service statement in accordance with regulation 4(2)(a), or within such longer period as the scheme manager considers reasonable in all the circumstances.