The rule in plain words
In Part 1: Overview (SR808.09.08.01): either "There has been no use of the exemptions in article 14(4)(b)(iii) or (iv) of the Order during this reporting period" in column "Current period" (row 010, column 010) is "No use of the exemptions in article 14(4)(b)(iii) or (iv) of the Order" and "Description of type of exposure" (column 015), "Amount of exposures" (column 020) and "Relevant financial institution to which the RFB has exposure" (column 030) in Part 2: Exposures to relevant financial institutions relating to pension liability (SR808.09.08.02) is left empty, or "There has been no use of the exemptions in article 14(4)(b)(iii) or (iv) of the Order during this reporting period" in column "Current period" (row 010, column 010) is "Use of the exemptions in article 14(4)(b)(iii) or (iv) of the Order" and "Description of type of exposure" (column 015), "Amount of exposures" (column 020) and "Relevant financial institution to which the RFB has exposure" (column 030) in Part 2: Exposures to relevant financial institutions relating to pension liability (SR808.09.08.02) 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
- 01Open the tables below and find the cells the rule reads.
- 02Report these values together, or leave them all out.
- 03It runs only when your filing indicators mark SR808.09.08 as reported.
- 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 (SR808.09.08.01)
Row
- R010There has been no use of the exemptions in article 14(4)(b)(iii) or (iv) of the Order during this reporting period.
Column
- C010Current period
Part 2: Exposures to relevant financial institutions relating to pension liability (SR808.09.08.02)
Columns
- C015Description of type of exposure
- C020Amount of exposures
- C030Relevant financial institution to which the RFB has exposure
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_b1147_m: T1: SR808.09.08.01; T2: SR808.09.08.02; Expression: ({SR808.09.08.01, r010, c010} = [boe_SR:x6029] and empty({SR808.09.08.02, c015-030})) or ({SR808.09.08.01, r010, c010} = [boe_SR:x6030] and not(empty({SR808.09.08.02, c015-030})))
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
({t: SR808.09.08.01, r: 010, c: 010} = [boe_SR:x6029] and isNull({t: SR808.09.08.02, c: 015; 020; 030})) or ({t: SR808.09.08.01, r: 010, c: 010} = [boe_SR:x6030] and not(isNull({t: SR808.09.08.02, c: 015; 020; 030})))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.
