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New version applies from 09/12/2011 — introduced by Directive 2011/89/EU. 357 provisions change. Later versions: 15/09/2012, 01/07/2013, 19/12/2013, 23/05/2014, 31/03/2015, 12/01/2017, 09/07/2018, 13/01/2019, 30/06/2021, 19/10/2021, 09/01/2024, 17/01/2025, 30/01/2027. Article 103 changes in this version: compare with the current text.

Article 103 - Structure of the standard formula

Article 103
Structure of the standard formula

The Solvency Capital Requirement calculated on the basis of the standard formula shall be the sum of the following items:

((a))

the Basic Solvency Capital Requirement, as laid down in Article 104;

((b))

the capital requirement for operational risk, as laid down in Article 107;

((c))

the adjustment for the loss-absorbing capacity of technical provisions and deferred taxes, as laid down in Article 108.

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