The Basic Solvency Capital Requirement shall include a risk module for intangible asset risk. and shall be equal to the following:
\mathrm{BasicSCR} = \sqrt{\sum_{i,j} \mathrm{Corr}_{i,j} \cdot \mathrm{SCR}_i \cdot \mathrm{SCR}_j} + \mathrm{SCR}_{\text{intangibles}}
where:
(a)
the summation, Corri,j, SCRi and SCRj are specified as set out in point (1) of Annex IV to Directive 2009/138/EC;
(b)
SCRintangibles denotes the capital requirement for intangible asset risk referred to in Article 203.