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

Part 2: Liabilities: a total must equal the sum of its parts (SR01.02.03.01, Bank of England check boe_v0770_m)

A blocking check on the part 2: Liabilities template (SR01.02.03.01), in the intragroup financial reporting (core) (RFB003) return.

Line4 Check runs it on the intragroup financial reporting (core) (RFB003) 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 column "Carrying amount: Intragroup transactions" (column 0010) of Part 2: Liabilities (SR01.02.03.01): "Financial liabilities held for trading" (row 0010) must equal the sum of "Derivatives" (row 0020), "Short positions" (row 0030), "Deposits" (row 0040), "Debt securities issued" (row 0050) and "Other financial liabilities" (row 0060).

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 table below and find the cells the rule reads.
  2. 02Add up the parts in your return and compare the result with the total.
  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
  4. 04The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
  5. 05It runs only when your filing indicators mark SR01.02.03 as reported.
  6. 06This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Part 2: Liabilities (SR01.02.03.01)

Rows

  • R0010Financial liabilities held for trading
  • R0020Derivatives
  • R0030Short positions
  • R0040Deposits
  • R0050Debt securities issued
  • R0060Other financial liabilities

Column

  • C0010Carrying amount: Intragroup transactions

A worked example

With simple numbers.

Illustrative values
Derivatives1,200
Short positions800
Deposits450
Debt securities issued300
Other financial liabilities150
Together2,900
What the rule then expects

Financial liabilities held for trading must then be 2,900.

2,900Passes
3,000Fails

A file that reports 2,900 passes. One that reports 3,000 fails, by 100.

The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.

Which returns it applies to

Line4 Check runs it on the intragroup financial reporting (core) (RFB003) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to intragroup financial reporting (core) (RFB003) 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_v0770_m: T1: SR01.02.03.01; columns: {SR01.02.03.01, c0010}; Expression: {SR01.02.03.01, r0010} = {SR01.02.03.01, r0020} + {SR01.02.03.01, r0030} + {SR01.02.03.01, r0040} + {SR01.02.03.01, r0050} + {SR01.02.03.01, r0060}
Show the formulaShow

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

{t: SR01.02.03.01, r: 0010} = {t: SR01.02.03.01, r: 0020} + {t: SR01.02.03.01, r: 0030} + {t: SR01.02.03.01, r: 0040} + {t: SR01.02.03.01, r: 0050} + {t: SR01.02.03.01, r: 0060}

Where it applies, in the Bank's words (its scope):

scope({t: SR01.02.03.01, c: 0010, seq: False, f: banking, fv: structural_reform})

Every PRA banking rule on SR01.02.03.01

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.