# Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance), Article 100: General provisions

Extent: E+W+S+N.I.

Member States shall require that insurance and reinsurance undertakings hold eligible own funds covering the Solvency Capital Requirement.
The Solvency Capital Requirement shall be calculated, either in accordance with the standard formula in Subsection 2 or using an internal model, as set out in Subsection 3.

---
Source: https://www.legislation.gov.uk/eudr/2009/138/article/100 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-100
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.