1. The Council may in its absolute discretion upon giving not less than twelve months’ notice (or such lesser period as the Council may determine at any time, having regard to the prevailing circumstances) to participants terminate any or all of the services including the provision of the System.
2. As soon as practicable after any notice to terminate the System has taken effect the Council shall take such steps as it considers appropriate -
(a) to account to participants for any sums that may be due to them under the System; and
(b) to facilitate the orderly winding up of the System.
3. Termination of the System or any service shall not release any participant from any liability which at the time of termination had already accrued to another participant or the Society nor affect in any way the provisions of [the ‘Records and determinations’ and ‘Compliance with laws’ sections of Consolidated Requirements Part 2 > General Operational Matters > Central Accounting Miscellaneous and General].