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:

1. (a)

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

2. (b)

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

3. (c)

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