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.

‘Simple’ arrangements

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.

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