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

Prudent valuation: core approach - Other (PRUVAL 2): a total must equal the sum of its parts (C32.02.01.03, Bank of England check v6338_m)

A blocking check on the prudent valuation: core approach - Other (PRUVAL 2) template (C32.02.01.03), in the own funds (PRA001) return.

Line4 Check runs it on the own funds (PRA001) return, proven on test files, check by check: the same outcome on all three test files of that return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

In each of 12 columns (listed below) of Prudent valuation: core approach - Other (PRUVAL 2) (C32.02.01.03): "Total core approach" (row 0010) must equal the sum of "Portfolios under articles 9 to 17 - total category level post-diversification" (row 0030) and "Portfolios under the fall-back approach" (row 0180).

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  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 C32.02.01 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

Prudent valuation: core approach - Other (PRUVAL 2) (C32.02.01.03)

Rows

  • R0010Total core approach
  • R0030Portfolios under articles 9 to 17 - total category level post-diversification
  • R0180Portfolios under the fall-back approach

Columns

  • C0130Fair-value assets
  • C0140Fair-value liabilities
  • C0150QTD revenue
  • C0160IPV difference
  • C0170Market price uncertainty
  • C0180Close-out costs
  • C0190Model risk
  • C0200Concentrated positions
  • C0230Future admnistrative costs
  • C0240Early termination
  • C0250Operational risk
  • C0260Day 1 P&L

A worked example

With simple numbers.

Illustrative values
Portfolios under articles 9 to 17 - total category level post-diversification1,200
Portfolios under the fall-back approach800
Together2,000
What the rule then expects

Total core approach must then be 2,000.

2,000Passes
2,100Fails

A file that reports 2,000 passes. One that reports 2,100 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 own funds (PRA001) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to own funds (PRA001) 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:

[C32.02.01.03];[scope({t: C32.02.01.03, c:0130;0140;0150;0160;0170;0180;0190;0200;0230;0240;0250;0260})];[{t: C32.02.01.03, r: 0010} = {t: C32.02.01.03, r: 0030} + {t: C32.02.01.03, r: 0180}]
Show the formulaShow

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

{t: C32.02.01.03, r: 0010} = {t: C32.02.01.03, r: 0030} + {t: C32.02.01.03, r: 0180}

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

scope({t: C32.02.01.03, c:0130;0140;0150;0160;0170;0180;0190;0200;0230;0240;0250;0260, f: banking, fv: banking_reporting})

Every PRA banking rule on C32.02.01.03

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.