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3 min readBlockingBank of England banking taxonomy 4.1.1Updated 11 November 2026

Part 1: Overview: values to report together, or not at all (SR808.01.08.01, SR808.01.08.03, Bank of England check boe_b1134_m)

A blocking check on the part 1: Overview (SR808.01.08.01) and part 3: Hedging Own Risk (articles 6(1) and 6(2)) (SR808.01.08.03) templates, in the excluded activities and prohibitions (RFB008) return.

Line4 Check runs it on the excluded activities and prohibitions (RFB008) return, proven on test files, check by check: the same outcome on all eight test files of that return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

In Part 1: Overview (SR808.01.08.01): either "There has been no use of the exemption in articles 6(1) and 6(2) of the Order during this reporting period" in column "Current period" (row 020, column 010) is "No use of the exemption in articles 6(1) and 6(2) of the Order" and 18 rows (listed below) in "Current period" (column 010), "Current period" (column 020), "Financial assets" (column 030) and "Financial liabilities" (column 040) in Part 3: Hedging Own Risk (articles 6(1) and 6(2)) (SR808.01.08.03) is left empty, or "There has been no use of the exemption in articles 6(1) and 6(2) of the Order during this reporting period" in column "Current period" (row 020, column 010) is "Use of the exemption in articles 6(1) and 6(2) of the Order" and 18 rows (listed below) in "Current period" (column 010), "Current period" (column 020), "Financial assets" (column 030) and "Financial liabilities" (column 040) in Part 3: Hedging Own Risk (articles 6(1) and 6(2)) (SR808.01.08.03) is reported.

The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.

What to do if your return fails it

  1. 01Open the tables below and find the cells the rule reads.
  2. 02Report these values together, or leave them all out.
  3. 03It runs only when your filing indicators mark SR808.01.08 as reported.
  4. 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Part 1: Overview (SR808.01.08.01)

Row

  • R020There has been no use of the exemption in articles 6(1) and 6(2) of the Order during this reporting period.

Column

  • C010Current period

Part 3: Hedging Own Risk (articles 6(1) and 6(2)) (SR808.01.08.03)

Rows

  • R060Transactions to hedge changes in interest rates - Non Derivatives
  • R070Transactions to hedge changes in interest rates - Derivatives
  • R080Transactions to hedge changes in exchange rates - Non Derivatives
  • R090Transactions to hedge changes in exchange rates - Derivatives
  • R100Transactions to hedge changes in commodity prices - Non Derivatives
  • R110Transactions to hedge changes in commodity prices - Derivatives
  • R120Transactions to hedge changes in any index of retail prices - Non Derivatives
  • R130Transactions to hedge changes in any index of retail prices - Derivatives
  • R140Transactions to hedge changes in any index of residential property prices - Non Derivatives
  • R150Transactions to hedge changes in any index of residential property prices - Derivatives
  • R160Transactions to hedge changes in any index of commercial property prices - Non Derivatives
  • R170Transactions to hedge changes in any index of commercial property prices - Derivatives
  • R180Transactions to hedge changes in any index of price of shares - Non Derivatives
  • R190Transactions to hedge changes in any index of price of shares - Derivatives
  • R200Transactions to hedge default risk - Non Derivatives
  • R210Transactions to hedge default risk - Derivatives
  • R220Other transactions - Non Derivatives
  • R230Other transactions - Derivatives

Columns

  • C010Current period
  • C020Current period
  • C030Financial assets
  • C040Financial liabilities

Which returns it applies to

Line4 Check runs it on the excluded activities and prohibitions (RFB008) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to excluded activities and prohibitions (RFB008) returns, as a blocking check.

The Bank’s own words and formula

The plain words above spell out the Bank’s formula, with each cell named from its templates. In the Bank of England’s list of validations, word for word:

boe_b1134_m: T1: SR808.01.08.01; T2: SR808.01.08.03; Expression: ({SR808.01.08.01, r020, c010} = [boe_SR:x6003] and empty({SR808.01.08.03, r060-230, c010-040})) or ({SR808.01.08.01, r020, c010} = [boe_SR:x6004] and not(empty({SR808.01.08.03, r060-230, c010-040})))
Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

({t: SR808.01.08.01, r: 020, c: 010} = [boe_SR:x6003] and isNull({t: SR808.01.08.03, r: 060; 070; 080; 090; 100; 110; 120; 130; 140; 150; 160; 170; 180; 190; 200; 210; 220; 230, c: 010; 020; 030; 040})) or ({t: SR808.01.08.01, r: 020, c: 010} = [boe_SR:x6004] and not(isNull({t: SR808.01.08.03, r: 060; 070; 080; 090; 100; 110; 120; 130; 140; 150; 160; 170; 180; 190; 200; 210; 220; 230, c: 010; 020; 030; 040})))

Every PRA banking rule on SR808.01.08.01

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.