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Request approval for the introduction of a technical business plan at a regulated pension fund or approval for the amendment of a technical business plan

Service Description

If you wish to introduce a new technical business plan for your pension fund or amend a technical business plan, you must have this reviewed and approved by the German Federal Financial Supervisory Authority (BaFin). Only then may the new or amended technical business plan be put into effect.

The technical business plan contains, among other things, information on

  • the principles for calculating premiums and technical provisions and
  • the mathematical formulas used and other calculation bases.

Process flow

To apply electronically to BaFin for approval of the introduction or amendment of a business plan, proceed as follows:

  • Go to BaFin's notification and publication platform (MVP Portal).
    • In order to be able to make submissions for the "Insurance Supervision" specialist procedure, you must first register in the MVP Portal and then log in with an application for the MVP specialist procedure.
    • For more information on using the MVP portal, please refer to the "Information sheet on the insurance supervision specialist procedure".
  • Select the "Insurance supervision" specialist procedure and upload and send all the required documents.
  • Upon receipt, BaFin will review your submission.
  • You will receive notification of your application electronically or by post.

Requirements

  • You would like to change a technical business plan at your pension fund that had to be approved by the supervisory authority when it was introduced or you would like to introduce a new technical business plan at your regulated pension fund.
  • Your pension fund is supervised by BaFin.

Which documents are required?

  • Application for approval of the introduction or amendment of a technical business plan
  • New or amended technical business plan

What are the fees?

Fee: 1153,00 EUR
Payment in advance: No
https://www.gesetze-im-internet.de/findagebv/anlage.html

What deadlines do I have to pay attention to?

There is no deadline. The new or amended technical business plans may only be put into effect after approval.

Objection Deadline: 1 Month

Processing duration

Processing Time: 1 - 3 Months
BaFin will usually process your application within 1 to 3 months.

Legal basis

Applications / forms

  • Opposition
  • Compulsory action

Appeal

Forms available: No

Written form required: No

Informal application possible: Yes

Personal appearance necessary: No

Further Information

Author

German Federal Financial Supervisory Authority (BaFin)


Forwarding service: Deep link to the original portal

The text was automatically translated based on the German content.

Technically approved by

Federal Ministry of Finance (BMF)

Professionally released on

29.11.2022

Source: Zuständigkeitsfinder Thüringen (Linie6PLus)

Start your request directly online:

Competent Authority

Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

Address
Graurheindorfer Straße 108
53117 Bonn, Stadt
Remark: Address Bonn
Link to the directions:
Anfahrt

Postal address
Post office box 1253
53002 Bonn, Stadt

Address
Marie-Curie-Straße 24-28
60439 Frankfurt am Main
Remark: Address Frankfurt am Main
Link to the directions:
Anfahrt

Postal address
Post office box 500154
60306 Frankfurt am Main
Telephone
+49 228 4108-0
Fax
+49 228 4108-1550
E-Mail
Contact us
Remark: General
E-Mail
Contact us
Remark: with qualified electronic signature
E-Mail
Contact us
Remark: especially for appointment notices regarding supervisory and administrative board members
WWW
Website of the Federal Financial Supervisory Authority (BaFin)
DE-Mail
poststelle@bafin.de-mail.de
Transport connection
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