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

Intragroup financial reporting (detailed breakdown) Asset management, custody and other service functions Part 2: Assets involved in the services provided: a total must equal the sum of its parts (SR22.02.04.01, Bank of England check boe_v1988_h)

A blocking check on the intragroup financial reporting (detailed breakdown) Asset management, custody and other service functions Part 2: Assets involved in the services provided template (SR22.02.04.01), in the intragroup financial reporting (core and detailed breakdowns) (RFB004) return.

Line4 Check runs it on the intragroup financial reporting (core and detailed breakdowns) (RFB004) 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 "Amount of the assets involved in the services provided to other group entities" (column 0010) of Intragroup financial reporting (detailed breakdown) Asset management, custody and other service functions Part 2: Assets involved in the services provided (SR22.02.04.01): "Asset management [by type of customer]" (row 0010) must equal the sum of "Collective investment" (row 0020), "Customer portfolios managed on a discretionary basis" (row 0040), "Pension funds" (row 0030) and "Other investment vehicles" (row 0050).

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  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 SR22.02.04 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

Intragroup financial reporting (detailed breakdown) Asset management, custody and other service functions Part 2: Assets involved in the services provided (SR22.02.04.01)

Rows

  • R0010Asset management [by type of customer]
  • R0020Collective investment
  • R0030Pension funds
  • R0040Customer portfolios managed on a discretionary basis
  • R0050Other investment vehicles

Column

  • C0010Amount of the assets involved in the services provided to other group entities

A worked example

With simple numbers.

Illustrative values
Collective investment1,200
Customer portfolios managed on a discretionary basis800
Pension funds450
Other investment vehicles300
Together2,750
What the rule then expects

Asset management [by type of customer] must then be 2,750.

2,750Passes
2,850Fails

A file that reports 2,750 passes. One that reports 2,850 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 and detailed breakdowns) (RFB004) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to intragroup financial reporting (core and detailed breakdowns) (RFB004) 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_v1988_h: T1: SR22.02.04.01; columns: {SR22.02.04.01, c0010}; Expression: {SR22.02.04.01, r0010} = {SR22.02.04.01, r0020} + {SR22.02.04.01, r0040} + {SR22.02.04.01, r0030} + {SR22.02.04.01, r0050}
Show the formulaShow

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

{t: SR22.02.04.01, r: 0010} = {t: SR22.02.04.01, r: 0020} + {t: SR22.02.04.01, r: 0040} + {t: SR22.02.04.01, r: 0030} + {t: SR22.02.04.01, r: 0050}

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

scope({t: SR22.02.04.01, c: 0010, seq: False, f: banking, fv: structural_reform})

Every PRA banking rule on SR22.02.04.01

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.