(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 13/01/2019 — introduced by Directive (EU) 2016/2341.
71 provisions change.
Recital 28 is deleted from 13/01/2019.