The rule in plain words
Item “Valuation method” in List of assets (S.06.02) must be reported
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs three of them (BV1130-2 to BV1130-5), 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.
- 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 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 positions held (S.06.02.01.01)
Columns
- C0150Valuation method
- C0170Total Solvency II amount
List of assets: information on positions held (S.06.02.04.01)
Columns
- C0150Valuation method
- C0170Total Solvency II amount
List of assets: information on positions held (S.06.02.07.01)
Columns
- C0150Valuation method
- C0170Total Solvency II amount
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS), quarterly group (QRG) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly branch (QRB), annual branch (ARB), financial stability group (QFG), quarterly group (QRG), annual group (ARG), 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:
Item “Valuation method” in S.06.02 - List of assets must be reported.
Show the formulaShowHide
EIOPA's formula, for BV1130-5. Cells are written as {t: table, r: row, c: column}.
if (not(isNull({t: S.06.02.01.01, c: C0170, z: Z0001}))) then not(isNull({t: S.06.02.01.01, c: C0150, z: Z0001})) else true()BV1130-2:
if (not(isNull({t: S.06.02.07.01, c: C0170, z: Z0001}))) then not(isNull({t: S.06.02.07.01, c: C0150, z: Z0001})) else true()BV1130-3:
if (not(isNull({t: S.06.02.04.01, c: C0170, z: Z0001}))) then not(isNull({t: S.06.02.04.01, c: C0150, z: Z0001})) else true()Other rules on List of assets (S.06.02)
- Item “Asset pledged as collateral” in List of assets must be reported (BV1129)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
- List of assets: the first two letters are not valid ISO3166 country code (BV1147)Blocking
- 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
- The item "SCR calculation approach for CIU" in template List of assets must be reported for Collective Investment Undertakings (CIC '##4#') (BV1069)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.