in the case of asset management companies, solvency requirement means the capital requirement set out in Article 5a(1)(a) of Directive 85/611/EEC;

where, in the case of a non-regulated financial sector entity, a notional solvency requirement is calculated in accordance with section II of this Annex, notional solvency requirement means the capital requirement with which such an entity would have to comply under the relevant sectoral rules as if it were a regulated entity of that particular financial sector;

Extent and form of the supplementary capital adequacy requirements calculation

The supplementary capital adequacy requirements shall be calculated as the difference between:

(b) adequate capital adequacy policies in order to anticipate the impact of their business strategy on risk profile and capital requirements as determined in accordance with Article 6 and Annex I;

The coordinator may decide not to include a particular entity in the scope when calculating the supplementary capital adequacy requirements in the following cases:

Candidates for a member of a Supervisory Board in a Company with State Capital Investments must, in addition to statutory criteria pursuant to ZGD-1 also satisfy these requirements:

The calculation of the supplementary capital adequacy requirements of the regulated entities in a financial conglomerate shall be carried out on the basis of the consolidated accounts.

The calculation of the supplementary capital adequacy requirements of the regulated entities in a financial conglomerate shall be carried out on the basis of the accounts of each of the entities in the group.

- the intervals at which financial conglomerates shall carry out the calculations of capital adequacy requirements as set out in Article 6(2) and report to the coordinator on significant risk concentration as set out in Article 7(2).

When valuing the elements eligible for the calculation of the supplementary capital adequacy requirements, participations may be valued by the equity method in accordance with the option set out in Article 59(2)(b) of Directive 78/660/EEC.

For the purposes of calculating the capital adequacy requirements referred to in the first subparagraph of paragraph 2, the following entities shall be included in the scope of supplementary supervision in the manner and to the extent defined in Annex I:

The calculation of the supplementary capital adequacy requirements of the regulated entities in a financial conglomerate referred to in Article 6(1) shall be carried out in accordance with the technical principles and one of the methods described in this Annex.

when there is a deficit of own funds at the financial conglomerate level, only own funds elements which are eligible according to each of the sectoral rules (cross-sector capital) shall qualify for verification of compliance with the additional solvency requirements;

The Member States shall require regulated entities in a financial conglomerate to ensure that own funds are available at the level of the financial conglomerate which are always at least equal to the capital adequacy requirements as calculated in accordance with Annex I.

(2) Public calls referred to in the preceding paragraph which already contain a definition of the public partner` s requirements and the essential elements from the capital elaborate, may not prejudice forms of public-private partnership or the substance of decisions and documents on public-private partnership.

Insofar as no definition of the thresholds referred to in the last sentence of the first paragraph of Annex II has been drawn up, an intra-group transaction shall be presumed to be significant if its amount exceeds at least 5 % of the total amount of capital adequacy requirements at the level of a financial conglomerate.

Regardless of the method used for the calculation of the supplementary capital adequacy requirements of regulated entities in a financial conglomerate as laid down in Section II of this Annex, the coordinator, and where necessary other competent authorities concerned, shall ensure that the following principles will apply:

When calculating the supplementary capital adequacy requirements with regard to a financial conglomerate by applying method 1 (Accounting consolidation) referred to in Annex I, the own funds and the solvency requirements of the entities in the group shall be calculated by applying the corresponding sectoral rules on the form and extent of consolidation as laid down in particular in Article 54 of Directive 2000/12/EC and Annex I.1.B. of Directive 98/78/EC.

Enterprises of a Contracting State, the capital of which is wholly or partly owned or controlled, directly or indirectly, by one or more residents of the other Contracting State, shall not be subjected in the first mentioned State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which other similar enterprises of the first mentioned State are or may be subjected.

Enterprises of a Contracting State, the capital of which is wholly or partly owned or controlled, directly or indirectly, by one or more residents of the other Contracting State, shall not be subjected in the first-mentioned State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which other similar enterprises of the first-mentioned State are or may be subjected.

(5) Enterprises of a Contracting State, the capital of which is wholly or partly owned or controlled, directly or indirectly, by one or more residents of the other Contracting State, shall not be subjected in the first-mentioned State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which other similar enterprises of the first-mentioned State are or may be subjected.

Enterprises of a Contracting State, the capital of which is wholly or partly owned or controlled, directly or indirectly by one or more residents of the other Contracting State, shall not be subjected in the first-mentioned Contracting State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which other similar enterprises of the first-mentioned State are or may be subjected.

2. capital requirements

Provisions Regarding Own Funds and Capital Requirements

Hungary shall ensure that the initial capital requirement for these cooperative credit institutions is not less than EUR 378 200 until 31 December 2006 and not less than EUR 756 500 from ) January 2007 until 31 December 2007.

Poland shall ensure that its initial capital requirement for these co-operative credit institutions is not less than EUR 300 000 until 31 December 2005, and not less than EUR 500 000 from 1 January 2006 until 31 December 2007.

Capital Requirements For Exceeding the Limitation in the Capital of Non-Financial Organisations

With regard to Article 5 of Directive 2000/12/EC, the initial capital requirement laid down in paragraph 2 shall not apply until 31 December 2007 to cooperative credit institutions already established in Hungary at the date of accession.

With regard to Article 5 of Directive 2000/12/EC, the initial capital requirement laid down in paragraph 2 shall not apply until 31 December 2007 to co-operative credit institutions already established in Poland at the date of accession.

5. the detailed method for calculating other capital requirements

2. capital requirements for exceeding the limitation of investments in the capital of non-financial organisations

1. capital requirements, calculated by using the minimum capital adequacy ratio specified in article 69 of the present law

7. if it does not make reports to the Bank of Slovenia on the capital, capital requirements, capital adequacy, exposure, and liquidity with the content, at the times and in the manner prescribed by a regulation promulgated on the basis of article 92 of the present law;

The Bank of Slovenia shall prescribe in detail the method of calculating own funds and capital requirements, by which it shall stipulate:

Pending the revision of Directive 93/6/EEC, the investment firms provided for in Article 67 shall be subject to the capital requirements laid down in that Article.

(1) If because of increased capital requirements or other causes a bank's own funds fail to attain the minimum capital stipulated in article 68 of the present law, the bank's management board must without delay adopt such measures for ensuring the minimum capital for decisions for which it is itself responsible, or formulate a proposal of measures for decisions for which other bank bodies are responsible.

Capital requirements for an excess position in the capital of non-financial organisations shall be calculated as the sum of the values of the bank's investments that exceed the limits stipulated in the second paragraph of article 87 of the present law or in the first paragraph of article 88 of the present law.

Payments into venture capital, loan and guarantee funds (including venture capital holding funds) are treated as "expenditure actually paid out" within the meaning of the third subparagraph of Article 32(1) of the general Regulation provided that the funds meet the requirements of Rules 8 and 9 respectively.

Procedures for monitoring the application of the minimum insurance requirements should be transparent and non-discriminatory and should not impede the free movement of goods, persons, services and capital.

In the context of the forthcoming revision of the Capital Adequacy framework in Basel II, Member States recognise the need to re-examine whether or not investment firms who execute client orders on a matched principal basis are to be regarded as acting as principals, and thereby be subject to additional regulatory capital requirements.

Revision of Directive 93/6/EEC should fix the minimum capital requirements with which regulated markets should comply in order to be authorised, and in so doing should take into account the specific nature of the risks associated with such markets.

Member States shall ensure that the competent authorities do not grant authorisation unless the investment firm has sufficient initial capital in accordance with the requirements of Directive 93/6/EEC having regard to the nature of the investment service or activity in question.

If the bank's investments exceed the limits stipulated in the first paragraph of article 88 of the present law and the limits stipulated in the second paragraph of article 87 of the present law, only the larger of the two values shall be taken into account in the calculation of capital requirements.

Enterprises of a Contracting State, the capital of which is wholly or partly owned or controlled, directly or indirectly, by one or more residents of the other Contracting State, shall not be subjected in the first-mentioned State to any taxation or any requirements connected therewith which is other or more burdensome than the taxation and connected requirements to which other similar enterprises of the first-mentioned State are or may be subjected.

In the case of headlamps designed to satisfy the requirements both of Member States with right-hand traffic and of Member States with left-hand traffic, the two settings of the optical unit on the vehicle or of the filament lamp on the reflector shall be marked by the capital letters R and D, the right-hand traffic and L and G, for left-hand traffic.

to check that the conditions governing the taking-up of the business of investment firms are met and to facilitate the monitoring, on a non-consolidated or consolidated basis, of the conduct of that business, especially with regard to the capital adequacy requirements imposed by Directive 93/6/EEC, administrative and accounting procedures and internal-control mechanisms;

The financial services action plan, as endorsed by the European Council meetings in Cologne on 3 and 4 June 1999 and in Lisbon on 23 and 24 March 2000, recognises the importance of the solvency margin for insurance undertakings to protect policyholders in the single market by ensuring that insurance undertakings have adequate capital requirements in relation to the nature of their risks.

Aside from the fact that the Treaty imposes on the Commission the requirement to control State aid within the Community, and in common with other forms of public intervention, national and Community authorities, when deciding whether to commit or to authorise public funds for measures designed to promote risk capital, should reduce as far as possible the following three distinct though connected categories of risk: