The rule in plain words
Starting observation date must be after Reporting period start date and before Reporting period end date.
This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it. It runs only when your filing indicators mark OF24.03.01 and OF700.00.01 as reported.
The cells it reads
Market risk: IMA backtesting and P&L_Part 3 - Trading desk general information (MKR IMA2) (OF24.03.01.03)
Column
- C0030Desk changes
General information (OF700.00.01.01)
Rows
- R0040Reporting period start date
- R0050Reporting period end date
Column
- C0010Header info
Which returns it applies to
Line4 Check runs it on the own funds (PRA001) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to own funds (PRA001) returns, as a warning.
The Bank’s own words and formula
The plain words above are the Bank of England’s own, word for word, from its list of validations.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
dim({t: OF24.03.01.03, c: 0030},$[eba_dim:RDT]) <= {t: OF700.00.01.01, r: 0050, c: 0010} and dim({t: OF24.03.01.03, c: 0030},$[eba_dim:RDT]) >= {t: OF700.00.01.01, r: 0040, c: 0010}Other rules on Market risk: IMA backtesting and P&L_Part 3 - Trading desk general information (MKR IMA2) (OF24.03.01.03)
- Number of rows in table OF24.03.01.04 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_1)Blocking
- Number of rows in table OF24.03.01.05 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_2)Blocking
- Number of rows in table OF24.03.01.06 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_3)Blocking
- Number of rows (trading desk number) in table OF24.03.01.07 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_4)Blocking
- Number of rows (trading desk number) in table OF24.03.01.08 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_5)Blocking
- Number of rows in table OF24.03.01.09 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_6)Blocking
- Number of rows in table OF24.03.01.04 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_7)Blocking
- Number of rows in table OF24.03.01.05 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_8)Blocking
Every PRA banking rule on OF24.03.01.03
Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.