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Regulation 8 Closure of an accountI1

United Kingdom

As soon as reasonably practicable after an agreement has been terminated, the administrator must—

(a)

close the account of the account holder for that agreement;

(b)

give notice in writing of the closure of the account to the account holder; and

(c)

cancel any surplus recorded in the account of the account holder for that agreement.

Annotations

Commencement

I1

Reg. 8 in force at 1.10.2012, see reg. 1