# 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 103: Structure of the standard formula

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

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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Source: https://www.legislation.gov.uk/eudr/2009/138/article/103 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-103
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.