(18)In the event of the bankruptcy of a sponsoring undertaking, a member faces the risk of losing both his/her job and his/her acquired pension rights. This makes it necessary to ensure that there is a clear separation between that undertaking and the institution and that minimum prudential standards are laid down to protect members.
◷
New version applies from 06/01/2010 — introduced by Solvency II Directive.
62 provisions change.
Later versions: 04/01/2011, 21/07/2011, 20/06/2013, 13/01/2019.
Recital 18 changes in this version: compare with the current text.