responsibility finder
Schleswig-Holstein

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

Source: Zuständigkeitsfinder Schleswig-Holstein (Linie6PLus)

Service Description

Are you a pension fund and would like to introduce new insurance conditions or change existing insurance conditions? As a regulated pension fund, you generally require approval for this. Approval may be required for other pension funds.

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 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.

Legal basis
Appeal
  • Opposition
  • Compulsory action
Applications / forms

Forms available: No

Written form required: No

Informal application possible: Yes

Personal appearance necessary: No

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

Teaser

Are you a pension fund and would like to introduce new insurance conditions or change existing insurance conditions? As a regulated pension fund, you generally require approval for this. Approval may be required for other pension funds.

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 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.

Legal basis

Appeal

  • Opposition
  • Compulsory action

Applications / forms

Forms available: No

Written form required: No

Informal application possible: Yes

Personal appearance necessary: No

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

Further information and offers