Content of the submission: the calculation of SCR Market Risk module (Delegated Regulation art. 164) might not be correct (S.01.01, S.25.01, S.26.01, EIOPA rule BV1013_2-1)

The rule in plain words

EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs three of them (BV1013_2-1-2 to BV1013_2-1-5), and a failure names the one that failed.

What to do if your return fails it

1. 01Open the tables below and find the cells the rule reads.
2. 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.
3. 03EIOPA allows a small rounding difference, worked out from the decimals each value is reported with.
4. 04It runs only when your filing indicators mark S.01.01 and S.26.01 as reported.
5. 05This 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

Which returns it applies to

Line4 Check runs it on annual solo (ARS), annual group (ARG) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual branch (ARB), annual group (ARG) and annual solo (ARS) returns, as a warning.

EIOPA’s own words and formula

The plain words above are EIOPA’s own, word for word, from its list of validations.

Other rules on Content of the submission (S.01.01)

Every Solvency II rule on S.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.