Technical table: "String" must be left empty (SR99.01.01.01, Bank of England check boe_b1152_t)

The rule in plain words

What to do if your return fails it

1. 01Open the table below and find the cells the rule reads.
2. 02Remove the value from this cell where the rule applies. A 0 is a value too, so leave the cell out of the return altogether.
3. 03It runs only when your filing indicators mark SR99.01.01 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

Which returns it applies to

Line4 Check runs it on the intragroup exposures (RFB001), intragroup funding (RFB002), intragroup financial reporting (core) (RFB003), intragroup financial reporting (core and detailed breakdowns) (RFB004), joint and several liability arising from taxes (RFB005), excluded activity entities (RFB006), use of financial market infrastructures (RFB007) and excluded activities and prohibitions (RFB008) returns on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to joint and several liability arising from taxes (RFB005), excluded activity entities (RFB006), intragroup financial reporting (core and detailed breakdowns) (RFB004), use of financial market infrastructures (RFB007), excluded activities and prohibitions (RFB008), intragroup funding (RFB002), intragroup financial reporting (core) (RFB003) and intragroup exposures (RFB001) 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_b1152_ T1: SR99.01.01.01; Expression: empty({SR99.01.01.01, c0070})

Other rules on Technical table (SR99.01.01.01)

Every PRA banking rule on SR99.01.01.01

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.