The rule in plain words
In Group solvency: information on affiliates (GS) (C06.02.01.01): if "Qualifying own funds included in consolidated own funds" (column 0300) is reported, "Consolidated own funds" (column 0360) must be reported.
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02The check applies only when its first part holds in your return. When it does, the second part must hold too: fix the second part, or correct the first.
- 03It runs only when your filing indicators mark C06.02.01 as reported.
- 04This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it.
The cells it reads
Group solvency: information on affiliates (GS) (C06.02.01.01)
Columns
- C0300Qualifying own funds included in consolidated own funds
- C0360Consolidated own funds
Group solvency: information on affiliates of SDDTs (GS SDDT) (SC06.02.01.01)
Columns
- C0300Qualifying own funds included in consolidated own funds
- C0360Consolidated own funds
Which returns it applies to
Line4 Check runs it on the own funds (PRA001) and own funds for SDDTs (PRA116) returns on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to own funds for SDDTs (PRA116) and own funds (PRA001) returns, as a warning.
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:
e8710_e: [C06.02.01.01 (All rows)] if {c0300} != empty then {c0360} != empty
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
if not(isNull({t: C06.02.01.01, c: 0300})) then not(isNull({t: C06.02.01.01, c: 0360})) else true()Other rules on Group solvency: information on affiliates (GS) (C06.02.01.01)
- If "Qualifying own funds instruments included in consolidated tier 2 capital" is reported, "Consolidated own funds" must be reported (e8709_e)
- If "Memorandum item: goodwill (-) / (+) negative goodwill" is reported, "Of which: (-) goodwill / (+) negative goodwill" must be reported (e8711_e)
- Group solvency: information on affiliates (GS): a conditional check (e8708_e)
- Group solvency: information on affiliates (GS): a conditional check (e8712_e)
- If "Minority interests included in consolidated common equity tier 1 capital" is reported, "Of which: common equity tier 1" must be reported (e8707_e)
- If "Of which: minority interests" is reported, "Institution or equivalent (yes / no)" must equal true (v8713_m)
- Group solvency: information on affiliates (GS): a total must equal the sum of its parts (v6289_m)Blocking
- Group solvency: information on affiliates (GS): a check on its values (v11871_m)
Every PRA banking rule on C06.02.01.01
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.