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Part 4 · Occupational retirement provision institutions  ›  Chapter 2 · Pension Funds (Pensionsfonds) › Section 238

Financial resources

(1) For Pensionsfonds, subsections (2) to (5) take the place of section 234g. In section 234f(2), second sentence, subsection (4) takes the place of section 234g(3).
(2) Pensionsfonds must at all times hold own funds at least equal to the Solvency Capital Requirement, which is measured by reference to the entire scope of business.
(3) The Solvency Capital Requirement is determined by the statutory instrument under section 240, first sentence, point 9. One-third of the Solvency Capital Requirement is deemed to be the Minimum Capital Requirement.
(4) The statutory instrument issued under section 240, first sentence, point 9, governs the determination of own funds.
(5) Pensionsfonds must submit a calculation of the Solvency Capital Requirement to the supervisory authority each year, and demonstrate their own funds to it.

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