(28)Sufficient and appropriate assets to cover the technical provisions protect the interests of members and beneficiaries of the pension scheme if the sponsoring undertaking becomes insolvent. In particular in cases of cross-border activity, the mutual recognition of supervisory principles applied in Member States requires that the technical provisions be fully funded at all times.
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New version applies from 20/06/2013 — introduced by Directive 2013/14/EU.
42 provisions change.
Later versions: 13/01/2019.
Recital 28 changes in this version: compare with the current text.