5 Rings
I back up apruneuk on that, as does our ops inspector. Check out appendix 2 to JAR OPS 1.940, page 1-N-9. You have made the same error as the people who wrote LASORS (the wording is very poor).
You will find that the operator not only still wants the hours specified in 1.960, but that it is often written into their ops manual making them mandatory. As has been discussed here, it is a difficult job (although after a few months the jobs that go right are quite straightforward).
However there is some flexibility, possibily dependent on the CAA ops inspector. Pilots who don't have the exact hours specified in 1.960, although not ideal, might still be taken on with extra training requirements and restrictions on instrument approaches. We have looked at a pilot for example with no real P1 time in MEP but with IFR commercial time in a single turbine.