Regulation 149 (1) After the commencement of the voluntary winding up of an employer sponsored scheme, member of the scheme ceases to be a member and an employer ceases to be a participant in the scheme. (2) An approved trustee of a scheme or, a liquidator appointed to conduct the winding up of a scheme shall transfer any mandatory contributions or voluntary contributions paid to the scheme after three months from the commencement of the winding up of the scheme to the Authority to be dealt with in a manner consistent with the Act.