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Request approval for the introduction of new or the amendment of existing insurance conditions of pension funds

Service Description

Pension funds must have changes to insurance conditions approved by the supervisory authority.

Regulated pension funds must also have new insurance conditions approved.

New and amended insurance conditions may only come into force once they have been reviewed and approved by the German Federal Financial Supervisory Authority (BaFin).

Process flow

To apply electronically to BaFin for approval of new or amended insurance conditions, 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.
    • Further information on using the MVP portal can be found in the "Information sheet on the insurance supervision specialist procedure"
  • Select the specialized procedure "Insurance Supervision", upload all required documents and submit your notification.
  • Upon receipt, BaFin will review your submission.
  • You will receive notification of your application electronically or by post.

Requirements

  • You are a regulated pension fund and would like to introduce new insurance conditions or change existing insurance conditions or you are a deregulated pension fund and would like to change insurance conditions that already had to be approved by the supervisory authority in the past.
  • Your pension fund is supervised by BaFin.

Which documents are required?

  • Application for approval
  • New or amended insurance conditions

What are the fees?

What deadlines do I have to pay attention to?

There is no deadline. The new or amended insurance conditions may only come into force 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

Forwarding service: Deep link to the original portal

Federal Financial Supervisory Authority (BaFin)

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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