A completion event for the purposes of item 3 of the conditions set out in ¶377-240 occurs if there are changes in the timing, amount or the number of payments due under the arrangement at any time on or after 22 February 2012.
A determination has to be made, as at that date, of;
• the number of payments to which the trustees of the pension scheme, or the persons controlling the management of the scheme, are entitled in connection with the asset-backed arrangement;
• the amounts of those payments, and;
• the dates when they are to be made.
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.