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Peripheral and Central Switching

I have read these documents:
-> TI_BLE_Software_Developer's_Guide
-> Bluetooth Core v4.1
-> Bluetooth Low Energy - The Developer's Handbook - Robin Heydon

I could extract from these that if we need a device to play Central and Peripheral Role both, then we can do this and also found about the MasterSlaveSwitch Project provided by TI.

But my question is that once I make a switch from peripheral role to central, will the connection formed in the peripheral role sustain or  I will have to make the connection once again when I switch back to the peripheral role ?