Regulation 45 Closure of active member’s accountI1
United Kingdom
(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.