Updated 08/05/2025
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Article 103 - Directive 2009/138/EC (Solvency II Directive)

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.