The rule in plain words
Please provide either a FRN or LEI code. The other data fields cannot be blank
In column "Values" (010) of General information (MRL001) (MR700.00.01.01): either "Firm Reference Number" (row 020) is reported, or "LEI" (row 030) is reported, and exactly 9 values must be reported in 9 rows (listed below).
This is a blocking check. A return that fails it is normally rejected, so fix it before you submit. It runs only when your filing indicators mark MR700.00.01 as reported.
The cells it reads
General information (MRL001) (MR700.00.01.01)
Rows
- R010Entity name
- R020Firm Reference Number
- R030LEI
- R040Reporting Basis
- R050Reporting Period Start Date
- R060Reporting Period End Date
- R080Reporting Currency
- R091Name
- R092Position
- R093Email
- R100Basis of preparation
Column
- C010Values
Which returns it applies to
Line4 Check runs it on the MREL resources (MRL001) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to MREL resources (MRL001) returns, as a blocking check.
The Bank’s own words and formula
The first paragraph of the plain words above is the Bank of England’s own, word for word, from its list of validations. The second spells out its formula, with each cell named from its templates.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
(not(isNull({t: MR700.00.01.01, r: 020, c: 010})) or not(isNull({t: MR700.00.01.01, r: 030, c: 010}))) and count({t: MR700.00.01.01, r: 010; 040; 050; 060; 080; 091; 092; 093; 100, c: 010}) = 9Other rules on General information (MRL001) (MR700.00.01.01)
- General information (MRL001): the LEI must follow a valid pattern (20 alpha-numeric characters) (boe_b4001)Blocking
- General information (MRL001): FRN must follow a valid format (boe_b4000)Blocking
Every PRA banking rule on MR700.00.01.01
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.
