Transfer of member’s moneys to parent’s or spouse’s retirement account
3.—(1)  Any member who wishes to transfer an amount of moneys out of the sum standing to his credit in the Fund to the retirement account of his parent or spouse under section 18 (a) of the Act shall make an application in such form and supported by such evidence as the Board may require.
(2)  The Board may grant an application made under paragraph (1) subject to such terms and conditions as the Board may impose.
(3)  No application shall be made by a member under this regulation unless the total regrossed balance of the member exceeds $130,000 and there is a minimum amount of $50,000 standing to his credit in the ordinary and special accounts.