(1) Pension funds must at all times hold own funds at least equal to the Solvency Capital Requirement.
(2) The Solvency Capital Requirement is determined by the statutory instrument issued under section 235(1), point 1. One-third of the Solvency Capital Requirement is deemed to be the Minimum Capital Requirement.
(3) Section 214, with the exception of subsection (1), first sentence, point 8, letter b, applies to determining own funds. In section 214(1), first sentence, point 8, letter d, the provisions issued under section 235(1) take the place of the provisions issued under section 217, first sentence.
(4) Pension funds must submit a calculation of the Solvency Capital Requirement to the supervisory authority each year, and demonstrate their own funds to it.
Part 4 · Occupational retirement provision institutions › Division 3 · Particular features relating to financial resources › Section 234g
Solvency Capital Requirement, Minimum Capital Requirement, and own funds
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