The rule in plain words
Voting rights (%) cannot be more than 1.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Voting rights (%): Voting rights (%) <= 1
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value outside the limit in these cells.
- 03If the value is a percentage, EBA expects it as a decimal: 12% is reported as 0.12.
- 04EBA compares the values exactly here: there is no rounding tolerance.
- 05It runs only when your filing indicators mark F 40.01 as reported.
- 06This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
Scope of the group: “entity-by-entity” (F 40.01)
Column
- 0120Voting rights (%)
A worked example
The first of its checks, with simple numbers.
What the rule then expects
Voting rights (%) can then be at most 1.
1Passes
1.1Fails
A file that reports 1 passes. One that reports 1.1 fails, by 0.1.
The numbers are illustrative.
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{F_40.01,,c0120,} <= 1Other rules on F 40.01
- Accumulated equity interest cannot be more than 1 (v1241_m)Warning
- None of the seven values it checks in scope of the group: “entity-by-entity” can be negative (v3976_s)Warning
- A check on scope of the group: “entity-by-entity” (v10676_m)Not run yet
- A check on scope of the group: “entity-by-entity” (v10677_m)Not run yet
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.