(1) The scheme of operations referred to in Regulation 176(2)(h) shall set out the following:

(a) the nature of the risks or commitments which the undertaking proposes to cover;

(b) the guiding principles as to reinsurance;

(c) estimates of the future Solvency Capital Requirement, on the basis of a forecast balance sheet, as well as the calculation method used to derive those estimates;

(d) estimates of the future Minimum Capital Requirement, on the basis of a forecast balance sheet, as well as the calculation method used to derive those estimates;

(e) the state of the eligible own funds and eligible basic own funds of the undertaking with respect to the Solvency Capital Requirement and Minimum Capital Requirement;

(f) estimates of the costs of setting up the administrative services and the organisation for securing business, the financial resources intended to meet those costs and, where the risks to be covered are in class 18 in Part 1 of Schedule 1, the resources available for the provision of the assistance;

(g) information on the structure of the system of governance.

(2) In addition to the requirements set out in paragraph (1), the scheme of operations shall include the following, for the first 3 financial years: