Law on the amendment of the Pension Taxation Act, the Pension Act and various other laws

(Exerration of pension pension schemes under the payment, adjustment of the rules on pension schemes with ongoing payments and requirements to the placing of the funds in approved foreign pension schemes, etc.)

We, by God's grace, the Queen of the Danes, do our thing.

The parliament has adopted the following law, and we know that the following law has been approved by Parliament's consent :

§ 1

In the Pension of Pension Taxation Act, Act No 1535 of 19. In December 2007, as amended by Section 1 of Act 1. 1339 of 19. In December 2008, Section 1 law no. 1278 of 16. In December 2009 and Section 4 of Law No 1263 of 16. In December 2009, and at the latest in paragraph 8 of the Act 724 of 25. In June 2010, the following changes are made :

1. I Section 1 (1). 1, the following shall be inserted after ' double taxation agreement ` shall be inserted : ` : however, section 23 (a), 3 ".

2. I Section 1 (1). 1, no. 1 (e) the words ' and ' shall be replaced by ', `.

3. I Section 1 (1). 1, no. 1 (f), change '. ` to : ", and".

4. I Section 1 (1). 1, no. 1, pasted as in paragraph g :

' g) arrangements in the Pension Fund of 1925 for private school diplomas and so on, the Pension Fund of 1951 for Danish schools in South Separately, in the case of teachers at school and school teachers and the Pension Fund of 1950 for various private, church institutions. '

5. I Section 1 (1). 2, pasted as no. 14 :

" 14) The Pension Fund of 1925 for private school diplomas, etc., the Pension Fund of 1951 for Danish schools in South Separately, in the case of teachers at school and school teachers and school and Pensionary of 1950 for various private, church institutions. '

6. Section 4 (4). 1, ITREAS :

' Life-insurance undertakings, pension funds and pension funds with schemes covered by Section 1 (1). 1, no. 1 may choose to compensate the taxable yield as the difference between the value of the depot on the income of the income of the income year in accordance with paragraph 1. 3 and the value of the depot of the insurance at the beginning of the income year adjusted in accordance with paragraph 1. 4. The choice shall be binding and shall be taken at the time of transition to taxation under this law, cf. however, section 31 (1), Paragraph 3 shall be removed from transfers to the depot which has been co-rained to the taxable base in accordance with paragraph 1. FIVE. "

7. Section 4 (4). 3, no. 5, ITREAS :

" 5) The debit can be reduced by the positive risk and cost added of the year, which is attributed to the debit. The reduction of the positive cost bonus of the year can only be carried out to the extent that the year ' s positive cost bonus is less than the cost premiums of the year in 1. The actual costs of the group of insurances have been deducted from the costs of insurance or it can be documented that the cost added charge may be attributed to the cost profit of earlier years in either the own funds or the undivided bonuses. The reduction of the positive risk osciles of the year can only be carried out to the extent that the positive risk of the year is less than the risk premiums of the year in 1. The actual risk costs of the group of assurances have been deducted from the risk of insurance or it may be documented that the risk profits of earlier years may be attributed to the risk surpluses in either the own funds or the undivided bonuses. `

8. I Section 4 (4). 3, no. 11, are deleted ' for assurances without interest to interest-rate bonuses. ` ;

9. I Section 4 (4). 3, pasted as no. 12 :

" 12) The depotent deduct the payment of curvlar. "

10. Section 4 (4). 10, revoked.

11. I § 4 (a) (a) ONE, TWO. pkt., the following ' shall be inserted after ' this Act ` : `, cf. however, section 31 (1), 3 ".

12. § 4 (a) (a) 2, no. ONE, ONE. pkt., ITREAS :

"Interest in accordance with the insurance agreement and interest bonus attributed to the depot deduced payment for assurances without entitlement to interest-rate bonus."

13. § 4 (a) (a) 2, no. ONE, ONE. pkt., ITREAS :

" Interest in accordance with the insurance agreement and interest bonus attributed to the debit deduced payment for guarantees and payment of curvlar. `

14. I § 4 (a) (a) 2, no. ONE, TWO. pkt., the words ', payment of guarantees of assurances without interest to interest rate benefits `.

15. § 4 (a) (a) FIVE, FOUR. pkt., is hereby repealed and the following shall be inserted :

' A positive cost result for a previous year can be attributed to the negative cost results of the year. This is a condition of set-off after 4. a point that the institution of the pensioner can document that the savings made by either the own funds or the undivided bonus reserves used for offsetting in a year of negative cost results derives from a profit from the cost resulting from the years ; in advance of the income year. `

16. § 4 (a) (a) SIX, FOUR. pkt., is hereby repealed and the following shall be inserted :

' A positive risk result of a previous year can be attributed to the negative risk results of the year. This is a condition of set-off after 4. a point, that the pension institution may document that the savings made by either the own funds or the undivided bonus reserves used for offsetting in a year's negative risk result derives from the profit of the risk result of the years preceding ; the income year. `

17. § 4 (a) (a) 11, revoked.

18. I Section 6 (2). 1, in section 1 (1), 2, no. 3-6 and 9 ' shall be replaced by ' Section 1 (1). 2, no. 3-6, 9 and 14. "

19. I Section 6 (2). 3, 5 and 7, shall be inserted after ' Section 1 (1). 2, no. 9 ": and 14".

20. I § 8 (3) 1, the following shall be added after ' undivided funds ` shall mean ' and interest and amounts of own funds attributed to technical provisions, as set out in the technical provisions referred to in the Annex. paragraph FOUR, "

21. § 8 (3) FOUR, TWO. pkt., is hereby repealed and the following shall be inserted :

" The tax base after 1. Act. interest and positive amounts of own funds are attributed to the own funds, without the risk and cost result attributed to technical provisions, which are not part of the undivided funds, cf. paragraph 2, or part of the edged depots, cf. Section 4 (4). 2, or Section 4 (a) (a), 2, no. ONE, TWO. Act. A negative risk and cost outcome for technical provisions shall be attributed to the tax base after 2. Act. A positive cost result for a previous year can be attributed to the negative cost results of the year, and a positive result of the negative risk result of the year can be attributed to the negative risk results of the year. This is a condition of set-off after 4. Whereas the institution of the pensioner can document that the savings made by either the own funds or the undivided funds used for the equivalent of a year of negative cost results derives from a profit on the cost results for technical reasons ; provisions from the years preceding the income year and that the savings made by either the own funds or the undivided funds used for a set-off in one year of negative risk results derives from the profit of technical provisions on the risk result of technical provisions ; from the years ahead of the income year. "

22. I § 8 (3) FIVE, TWO. pkt., shall be inserted after ' § § 4 or 4 a ' : ` or paragraph 1. FOUR, THREE. Pkton, ".

23. I § 8 (3) 6, the following shall be inserted after ' undivided funds ` shall be inserted : ' and interest and amounts of own funds attributed to technical provisions, as set out in the technical provisions. paragraph FOUR, "

24. I § 8 pasted as paragraph 7 :

" Stop. 7. However, the deduction of the tax base in accordance with sections 4 or 4 (a) shall, however, always increase the tax base in accordance with paragraph 1. 4. "

25. I Section 21 (1). ONE, TWO. pkt., the following shall be inserted after ' shall ` : `, cf. Four. -7. Pct. "

26. Section 21 (1). ONE, FOUR. and 5. pkt., is hereby repealed and the following shall be inserted :

" Insurance companies, etc., cf. however, section 22, may not later than 19. Feb of the year following the income year, the payment of the payment of acontotax for pension schemes in section 1 (1). 1. For the insurance undertakings and so on which choose to pay acontotax, interest shall be calculated on the difference between the calculated final tax and the paid income tax paid for the income year of the 20. Feb the year after the income year, and for payment. Due in the amount of the interest payable by the amount of the interest payable, the amount payable shall be paid together with the submission of the final inventory. Overdue tax amounts with the amount of interest shall be repaid. The Rent after 2. and 5. Act. corresponds to the interest referred to in section 27 (3). 5, for the year after the income year. If the cache is charged too late, the interest rates shall be calculated after 2. and 5. Act. However, only until and with the last due date of payment. `

27. I Section 22 (2). ONE, ONE. pkt., " 15. January to : " 22. January `.

28. Section 22 (2). ONE, THREE. pkt., is hereby repealed and the following shall be inserted :

" of the calculated final tax for the income year, interest shall be calculated from the 8. January of the year after the year of the income to the 15th. January of the year after the income year. The tax rate plus the calculated interest shall be paid at the same time as the submission of the inventory. The Pension Institute and so on may choose to pay interest on behalf of the pension funds and subsequently based on criteria laid down in the individual financial institution, etc. choose to make an individual interest calculation and interest rate collection for each pension. The interest shall be equal to the interest referred to in section 27 (3). 5, for the year after the income year. `

29. I Section 23, paragraph 1. 2, " 15. January to : " 22. January `.

30. Section 23, paragraph 1. FOUR, THREE. pkt., is hereby repealed and the following shall be inserted :

' In the event of a transfer of the scheme by means of a system changing the amount of the system in the income year, the tax base for the assurances of the recovery shall be made, at the time of transition to new method of recovery. The tax is calculated, held and recovered as a part of the tax after section 21 and 22. For the purposes of switching to taxation after paragraph 4, the value of the depot of the insurance at the time of the new method of recovery shall be deemed to be the value of the depot of the insurance at the beginning of the income year, cf. Section 4 (4). Paragraph 4 (a) shall be discharged in accordance with Article 4 (a), as per the income year of the scheme, the amount of the income year in which the scheme is collected after Section 4 (a) is made. For the period of entry into taxation of section 3, the taxable yield after section 3 is discharged as per the income year of the scheme is the part of the income year in which the scheme is set up after Section 3. 1. -7. Act. does not apply to transfers between two insurance undertakings, and so on, if the insurance undertaking and so on from which the transfer is made has chosen to carry out final inventory after paragraph 1. 1. "

31. Section 23, paragraph 1. FOUR, EIGHT. pkt., revoked.

32. I § 23 a inserted after paragraph 1. 2 as new paragraph :

" Stop. 3. There is a negative tax, cf. Section 17, at the end of that income, the taxable duty of the taxable persons referred to in section 1 (1). 1, without any mention of death, the negative tax may be used for offsetting in a positive tax, in the case of a possible subsequent re-entry in the tax base in accordance with paragraph 1 (2). 1. The pension scheme shall be terminated in time after termination of the tax after Article 1 (1). 1, without the obligation to be taxable in accordance with paragraph 1 (1). 1, resigned, section 25 shall apply. `

Paragraph 3 becomes paragraph 3. 4.

33. § 25, paragraph. 3, ITREAS :

" Stop. 3. Paraguator 1 and 2 shall also apply to the termination of a pension scheme referred to in section 23 (a) (1) (a). THREE, TWO. Pct. "

34. I § 31 pasted as paragraph 3 :

" Stop. 3. The tax minister may lay down rules on the administrative matters relating to the calculation of the tax base, documentation requirements and access to re-election the method of recovery by sections 4 or § 4 (a). Re-make the choice of the method of choice in accordance with sections 4 or § 4 a in the course of the income year, section 23 (4). FOUR, THREE. -6. pkton, equivalent use. `

35. After paragraph 36 is inserted :

" § 36 a. Interrots of tax amounts, according to the law on the taxation of certain pension chapters, etc. (Pension tax law), cf. Law Order no. 1075 by 5. ' November 2006, shall be entered into the payment wound. `

§ 2

In the law on the taxation of pension schemes, etc. (pension tax bill), cf. Law Order no. 1246 of 15. In October 2010, as amended by Section 6 of Law No 513 of the seventh. June 2006, the following changes shall be made :

1. I § 8 pasted as paragraph FOUR :

" Stop. 4. On the extension of the payment period or the termination of the terminals for the individual installments payments after the payment has been started, new rates shall be calculated with effect from the beginning of the first calendar year. `

2. I § 11 A, paragraph 1 1, no. TWO, TWO. pkt., is replaced by ' 3. -8. Pct. " to : " 3. -9. Pct. "

3. I § 11 A, paragraph 1 2, no. 2, the following shall be inserted after the term ' full payment period ` : ' or, by extension of the payment period or the date of payment, the repayment period of the repayment period '.

4. I § 11 A inserted after paragraph 1. 3 as new paragraph :

" Stop. 4. On the extension of the payment period, the termination of the terminals for the individual installments payments or the selection of new payout procedures after the payment has been started, the new rates shall be calculated with effect from the beginning of the first calendar year. `

paragraphs 4 and 5 shall then be referred to in paragraph 1. Five and six.

5. I § 12, paragraph 1. 1, no. 1, is inserted after 6. Act. :

" By the calculation of the ownership share of 25%. include shares, etc., which the account holder owns outside the pension scheme, and the section 4 of the Asset Taxation Act, shall apply mutatis mutable, as the accounts holder or the person ' s name, as referred to in Article 4 (4), of the asset ' s liability. The second, however, has not been included. `

6. I § 15 C inserted after paragraph 1. 2 as new paragraph :

" Stop. 3. It is also a condition for approval pursuant to paragraph 1. 1 and 2 that the funds in pension schemes with ongoing payments, insurance and capital insurance in pension schemes and pension schemes corresponding to this cannot be affixed to immovable property with rights of use, discounts or dispositioning of funds ; affiliated, shares, etc. in companies in which the policy holder owns 25%. or more of the shares and so on, shares, etc., which have as a purpose or as one of its purpose to provide rights of use, discounts, etc. in the company, or units in a personal-driven company owned by the policyholder. By the calculation of the ownership share of 25%. include, in addition to the shares, etc. acquired for funds on the pension scheme and so on, as well as shares in the insurance holder ' s owner outside the pension scheme, and the provisions of Article 4 of the shareholders ' section 4 shall apply mutatis mutable to the provisions of the shareholder ' s liability as regards the provisions of the shareholder the policyholder or the person referred to in paragraph 4 (4) of the asset ' s liability. The second, however, has not been included. `

Paragraph 3-6 will then be referred to in paragraph 3. 4-7.

7. I section 15 C (3). 3 and paragraph FOUR, FOUR. pkt., there will be paragraph 1. 4 and 7. FIVE, FOUR. pkt., shall be replaced by ' paragraph 1. 1 or 2 ` shall be replaced by the following : One, two or three.

8. I section 15 C (3). 6, there will be paragraph 1. 7, is replaced by ' paragraph 1. 1 and 2 ` shall be replaced by the following : One-three, and "paragraph." Paragraph 3 shall be replaced by the following : 4 ".

9. Section 20 (2). 4, ITREAS :

" Stop. 4. The part of payments from pension schemes referred to in paragraph 1. 1 which corresponds to payments on the scheme, as provided for in Article 55 (1). a point, proof that, in the case of the deduction of the taxable income for the owner or the account holder has not been wholly or partially deducted from the country or abroad, shall not be included in the taxable income. ` ;

10. I ~ 30 (5)) ONE, TWO. pkt., after ' first payment ', the following shall be inserted : ', cf. Four. -6. Pct. "

11. I ~ 30 (5)) 1, is inserted after 3. Act. :

' After the first installment payment, the policyholder may extend the payment period to the account holder and change the termines for each installment payment. In addition, the person paid by the installer of the installer or rateinsurance may in the case of the debtor ' s death by the insurance holder ' s death, extend the payment period and change the termines for the individual installments payments. In addition, the account holder may also be the person to whom the installer in the case of the account of the account holder is paid, select a different payment procedure, cf. § 11 A, paragraph 1 2. in the name of paragraph 4 of the provisions of 4. -6. Act. may change the original selected terminates for each installments payment only in the form of change to monthly or quarterly work terminates. "

12. I ~ 30 (5)) 1, is inserted after 4. pkton, there will be 8. Act. :

" There is a tax response of 60%. in the case of a change in payment terms for a pension scheme with ongoing payments after the first payment. However, the terminals for the individual payments of the pension scheme with ongoing payments may be amended and the payment period for a related life will be extended with effect from the beginning of the first calendar year. 7. Act. shall apply mutatis mu; `

13. I § 30 B, paragraph 1. 1. pkt., the following ' regulated market ` shall be inserted : ' ; or a multilateral trade facility. `

14. I § 30 B, paragraph 1. 1, is inserted after 1. Act. :

' Acquires the accounts of the account holder, etc. for free funds, must be acquired at the highest rate of either the amount purchased by the pensioner, or the value at the time they are deducted from the pension scheme. For the diapture of the shares and so on to third parties, paragraph shall be refused. 7 equivalent use. "

15. I § 30 B pasted as paragraph 5-8 :

" Stop. 5. Undertakes an insurance claim in contravention of the conditions for approval after section 15 C (1). 3, within three months of the application, the policyholder must reduce the ownership share in the company and so on to less than 25%. and of the pension scheme, immovable property with rights of use, discounts or dispositioning rights, shares, etc., which have as a purpose or as one of its purpose to provide rights of use, discounts, etc. in the company and so on, and shares in a personal-driven company owned by the policyholder. Instead of taking stock and so on in a company and so on, which is intended or as one of its purpose to provide rights of use, discounts, or similar. in the company and so on, the right to use, etc. in the company and so on shall be terminated.

Paragraph 6. Acquires the policyholder in accordance with paragraph 1. 5 shares and so on for free means must be obtained for the highest amount of either the amount purchased by the pensioner, or the value at the time they are deflected from the pension scheme. Acquisitive property with rights of use, discounts or dispositioning rights associated with free means must be obtained for the highest amount of either the amount purchased by the fixed property ; the pensioner, or the time of departure.

Paragraph 7. Upon the abstention of assets to third parties in accordance with paragraph 1, 5 shall find section 29 (3). 1 shall apply mutatis muted to the difference between the value of the asset used at the time when the pension scheme was placed in that asset, and the value at the time the asset is taken out of : the pension scheme, when the latter value is the lowest of the two values.

Paragraph 8. If the time limit for paragraph 1 Section 30, paragraph 30, shall not be complied with. 1, the corresponding use of the amount of the pension scheme, which may be attributing to the applications in assets which do not comply with the conditions laid down in section 15 C (1). 3 and which may have been paid out at the end of the period for the removal of the scheme `.

16. Section 32 (1). 1, ITREAS :

' In the case of payments from pension schemes corresponding to payments made to the system as taxable in accordance with Chapter 3, the taxable income of the owner or account holder has not been whole or partly in part ; in this country or abroad, no tax is replied to in this country or abroad. ` ;

17. § 41, paragraph. 1, no. 3, ITREAS :

" 3) from a rate of interest in pension funds in retirement, in a pension or interest rate for a different interest rate for a pension, in a pension, in a pension, in a pension or interest rate, which has been created after the entry into force of the law, cf. however, paragraph 1 8, unless only one of the pension schemes is covered by § 15 A or there is a transfer after the first payment from one of the schemes, cf. however, paragraph 1 10, "

18. I § 41, paragraph. 8, pasted as 4. and Act 5. :

' In the case of a transfer of a rateinsurance in pension purposes, a savings income in a retirement party or a related life interest during payment to a lifetime of life, shall be calculated on the basis of new continuous benefits, with effect from the beginning of the first calendar year. Until this time, the terminals and size of the existing payments have been retained. `

19. I § 41 pasted as paragraph 10 :

" Stop. 10. Transfer in accordance with paragraph 1. 1, no. 3, from a ratehouse in pension purposes, a savings income in pensionable jets or a related life interest during payment can be made to another rate of insurance in pension purposes in retirement, in a pension or in-interest rate of interest in pensionable jets or related life interest rates ; payment, provided that the last payment from the system to which the transfer is to occur, will not be agreed upon during the calendar year in which the last payment from the transferred scheme would have been carried out. Transfer as mentioned in 1. Act. an arrangement which is not in the payment scheme may be made to another payment scheme, provided that the last payment from the system to which the transfer is made is not to be effected during the calendar year in which the last payment is made in the calendar year in which the payment is made ; that any scheme would have been possible. On transfer as mentioned in 1. and 2. Act. the last payment may not be agreed at an earlier time than the date on which the last payment from the system to which the transfer is made, otherwise it was agreed to. The new installments or current benefits shall be calculated with effect from the beginning of the first calendar year. On transfer as mentioned in 1. Act. the termines for each of the payments originally selected in the transferred scheme may be changed to monthly or quarterly payments. For transfer to a retirement fund in pension purposes, section 11 A (3) shall be found. 2, similar application. Until the start of the calendar year, the terminals and size of the existing payments have been retained. "

20. § 49, paragraph. ONE, TWO. pkt., ITREAS :

" People who are taxable according to the source tax tenment section 2, cf. however, however, a tax deduction section 5 A-5 D can only be deductible after 1. Act. in income covered by the source tax tenment section 2 (2). 1, no. 1 or 4, or in unemployment benefits, sickness benefits and maternity benefits covered by the source tax tenment section 2 (4). 1, no. 12, and only to the extent that the cost of foreign rules cannot be dedudugable from taxation abroad. '

21. § 53 A, paragraph 1 FIVE, ONE. pkt., ITREAS :

' payments from pension schemes, etc. as referred to in paragraph 1. 1 to the person group referred to in section 55, 1. and which correspond to payments made to the scheme, which, in the case of the exposition of the owner's taxable income, has been wholly or partially deducted from the country or abroad, to be included in the taxable income. '

22. I § 55, 1. pkt., the ' paragraph shall be amended 2 and 3 ' shall be replaced by the following : Two, three and five. "

§ 3

In the case of the tax treatment of profit and loss in the balance of shares and so on. (Asset Taxation Act), cf. Law Order no. 89 of 25. In January 2010, as amended by Section 3 of Act 3. 724 of 25. In June 2010, the following changes are made :

1. I Section 32 (1). 2, pasted as Three. Point. :

' Paid payment shall be paid according to section 30 B (5) of the Pension Code. However, 1 and 6 shall be used as an acquisition sum. `

2. I § 32 pasted as paragraph 3 :

" Stop. 3. Paragraction 1 and 2 shall apply by analoging to the entry and equilisation of shares of pension schemes approved under the provisions of Article 12 (1) of the Pension Code. One, and section 15 "C."

§ 4

In the law on fiscal treatment of profit and loss of debts, debts and financial contracts (the exchange rate law), cf. Law Order no. 1002 of 26. In October 2009, as amended by Section 1 of Act 1. 724 of 25. June 2010 is amended as follows :

1. I § 35 pasted as Act 5. :

" 1. -4. Act. shall apply by analoging to the deposits and the encoding of debts and contracts in pension schemes approved in accordance with the provisions of Article 12 (1) of the Pension Code. One, and section 15 "C."

§ 5

In the law on the taxation of members of account-leading investment associations, cf. Law Order no. 471 of 23. May 2006, as last amended by Section 10 of Law No 525 of 12. In June 2009, the following changes are made :

1. I § 16 pasted as paragraph 3 :

" Stop. 3. Paragractive paragraphs 1 and 2 shall apply by analoging to the deposits and the encoding of units in an account-leading investment union in pension schemes approved under the provisions of Article 12 (1) of the Pension Code. One, and section 15 "C."

§ 6

Law no. 625 of 11. June 2010 on the amendment of the pension tax law. (Intertrition of the right of deduction for new deposits to a capital pension after the payment of a capital pension, the exemption of index schemes from the ceiling of 100 000 kr. in the case of deductible deposits, etc.) is hereby amended as follows :

1. Section 2 (2). 4, ITREAS :

" Stop. 4. § 1, no. 8-10 has effect on payments that are made on 1. "January, 2010 or later."

§ 7

Paragraph 1. The Act shall enter into force on the day following the announcement in the law in Juditsiding, cf. however, paragraph 1 2.

Paragraph 2. § 1, no. 11 and 31, enter into force on 1. January, 2011.

Paragraph 3. § 1, no. Two-five, 12, 14, 18-23 and 25-29, have an effect from the 2010 income year.

Paragraph 4. § 1, no. 1, 6-11, 13, 15 -17, 24, 30 and 32-35, and § 2, nr. Twenty, has the effect from and with the year 2011.

Paragraph 5. § 1, no. The effect from 1 or 31 shall apply to 31. July, 2011.

Paragraph 6. § 2, nr. 1, 3, 4 and 10-12 have effect on extensions of the payment period and the changes to the payment process for installments of interest in payment terms for the payment conditions of the payment in interest of payment made on 1. January, 2011, or later.

Paragraph 7. § 2, nr. Articles 3 to 5 shall have effect on authorisations following the entry into force of the law and for the submission of declarations in accordance with the provisions of Article 15 (c) of the Pension Code. 1, no. Three, after the law comes into force.

Paragraph 8. § 2, nr. 9 and 16 shall take effect on payments made on 1. January 2008 or later.

Niner. 9. § 2, nr. 17-19 has effect on transfers from and from 1 to 1. January, 2011.

Paragraph 10. § 2, nr. Twenty-one, has effect on payments that are made on 1. January, 2011, or later.

Paragraph 11. In the case of pension schemes with ongoing payments, related life interest rates, insurance for pensioners, capital insurance in pension or pension scheme corresponding to this establishment in a life assurance undertaking prior to the entry into force of the Act, Section 7 (2). Paragraph 1 shall be approved in accordance with the provisions of Article 15 (c) of the Pension Code. 2, after the entry into force of the law, cf. Section 7 (2). 1, do not take place in shares and so on in companies whereby the policyholder achieves 25% of the insurance. or more of the shares, etc., in shares and so on, which are intended to provide rights of use, discounts, etc. in the company or in immovable property with rights of use, discounts or dispositioning rights. Pension tax law, section 15 C (3). THREE, TWO. pkt; shall apply mutatis muctis.