The rule in plain words
The item "SCR calculation approach for CIU" in template List of assets (S.06.02) must be reported for Collective Investment Undertakings (CIC '##4#')
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs two of them (BV1069-2 and BV1069-4), and a failure names the one that failed.
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02Report a value in this cell where the rule applies. A 0 counts as reported; a cell left out of the return does not.
- 03It runs only when your filing indicators mark S.06.02 as reported.
- 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
List of assets: information on assets (S.06.02.01.02)
Columns
- C0290CIC
- C0292SCR calculation approach for CIU
List of assets: information on assets (S.06.02.07.02)
Columns
- C0290CIC
- C0292SCR calculation approach for CIU
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly branch (QRB), annual branch (ARB), quarterly solo (QRS) and annual solo (ARS) returns, as a blocking check.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
The item "SCR calculation approach for CIU" in template S.06.02 - List of assets must be reported for Collective Investment Undertakings (CIC '##4#').
Show the formulaShowHide
EIOPA's formula, for BV1069-4. Cells are written as {t: table, r: row, c: column}.
not(isNull({t: S.06.02.01.02, c: C0292, z: Z0001}))BV1069-2:
not(isNull({t: S.06.02.07.02, c: C0292, z: Z0001}))Other rules on List of assets (S.06.02)
- The item "SCR calculation approach for CIU" in template List of assets must not be reported in case of CIC other than 4 (BV1070)Blocking
- List of assets: a cell must be left empty (BV1015)
- Item “Asset pledged as collateral” in List of assets must be reported (BV1129)Blocking
- Item “Valuation method” in List of assets must be reported (BV1130)Blocking
- Item “Issuer Code” in List of assets must not be reported for items with CIC like '##71', '##75', '##87', '##88' or '##9#' (BV1131)Blocking
- Item “Issuer Group” in List of assets must not be reported for items with CIC like '##71', '##75', '##87', '##88' or '##9#' (BV1132)Blocking
- Item “Issuer Group Code” in List of assets must not be reported for items with CIC like '##71', '##75', '##87', '##88' or '##9#' (BV1133)Blocking
- Each asset reported in List of Assets with CIC '##4#' must also be reported in Collective investment undertakings - look-through approach (BV1134)Blocking
Every Solvency II rule on S.06.02
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.