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.