The rule in plain words
The first two letters are not valid ISO3166 country code
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs two of them (BV1148-1 and BV1148-2), 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.
- 02Compare the code or text in your return with the format the rule sets out, character by character, including any prefix and any spaces.
- 03It runs only when your filing indicators mark S.08.01 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
Open derivatives: information on derivatives (S.08.01.01.02)
Column
- C0380CIC
Open derivatives: information on derivatives (S.08.01.04.02)
Column
- C0380CIC
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 group (QRG), annual group (ARG), quarterly ECB branch (QEB), quarterly ECB solo (QES), quarterly branch (QRB), quarterly solo (QRS), annual branch (ARB), annual solo (ARS), annual ECB solo (AES) and annual ECB branch (AEB) returns, as a blocking check.
EIOPA’s own words and formula
The plain words above are EIOPA’s own, word for word, from its list of validations.
Show the formulaShowHide
EIOPA's formula, for BV1148-2. Cells are written as {t: table, r: row, c: column}.
matches({t: S.08.01.01.02, c: C0380, z: Z0001}, "^((AF)|(AX)|(AL)|(DZ)|(AS)|(AD)|(AO)|(AQ)|(AG)|(AR)|(AM)|(AW)|(AU)|(AT)|(AZ)|(BS)|(BH)|(BD)|(BB)|(BY)|(BE)|(BZ)|(BJ)|(BT)|(BO)|(BQ)|(BA)|(BW)|(BV)|(BR)|(BN)|(BG)|(BF)|(BI)|(KH)|(CM)|(CA)|(CV)|(CF)|(TD)|(CL)|(CN)|(CX)|(CC)|(CO)|(KM)|(CG)|(CD)|(CK)|(CR)|(CI)|(HR)|(CU)|(CW)|(CY)|(CZ)|(DK)|(DJ)|(DM)|(DO)|(EC)|(EG)|(SV)|(GQ)|(ER)|(EE)|(ET)|(FO)|(FJ)|(FI)|(FR)|(GF)|(PF)|(TF)|(GA)|(GM)|(GE)|(DE)|(GH)|(GR)|(GL)|(GD)|(GP)|(GU)|(GT)|(GG)|(GN)|(GW)|(GY)|(HT)|(HM)|(VA)|(HN)|(HK)|(HU)|(IS)|(IN)|(ID)|(IR)|(IQ)|(IE)|(IM)|(IL)|(IT)|(JM)|(JP)|(JE)|(JO)|(KZ)|(KE)|(KI)|(KP)|(KR)|(XK)|(KW)|(KG)|(LA)|(LV)|(LB)|(LS)|(LR)|(LY)|(LI)|(LT)|(LU)|(MO)|(MK)|(MG)|(MW)|(MY)|(MV)|(ML)|(MT)|(MH)|(MQ)|(MR)|(MU)|(YT)|(MX)|(FM)|(MD)|(MC)|(MN)|(ME)|(MA)|(MZ)|(MM)|(NA)|(NR)|(NP)|(NL)|(NC)|(NZ)|(NI)|(NE)|(NG)|(NU)|(NF)|(MP)|(NO)|(OM)|(PK)|(PW)|(PS)|(PA)|(PG)|(PY)|(PE)|(PH)|(PL)|(PT)|(PR)|(QA)|(RE)|(RO)|(RU)|(RW)|(BL)|(KN)|(LC)|(MF)|(PM)|(VC)|(WS)|(SM)|(ST)|(SA)|(SN)|(RS)|(SC)|(SL)|(SG)|(SX)|(SK)|(SI)|(SB)|(SO)|(ZA)|(ES)|(LK)|(SD)|(SR)|(SJ)|(SZ)|(SE)|(CH)|(SY)|(TW)|(TJ)|(TZ)|(TH)|(TL)|(TG)|(TK)|(TO)|(TT)|(TN)|(TR)|(TM)|(TV)|(UG)|(UA)|(AE)|(GB)|(AI)|(BM)|(IO)|(VG)|(KY)|(FK)|(GI)|(MS)|(PN)|(SH)|(GS)|(TC)|(US)|(UM)|(UY)|(UZ)|(VU)|(VE)|(VN)|(VI)|(WF)|(EH)|(YE)|(ZM)|(ZW)|(SS)|(XV)|(XL)|(XT))..$")BV1148-1:
matches({t: S.08.01.04.02, c: C0380, z: Z0001}, "^((AF)|(AX)|(AL)|(DZ)|(AS)|(AD)|(AO)|(AQ)|(AG)|(AR)|(AM)|(AW)|(AU)|(AT)|(AZ)|(BS)|(BH)|(BD)|(BB)|(BY)|(BE)|(BZ)|(BJ)|(BT)|(BO)|(BQ)|(BA)|(BW)|(BV)|(BR)|(BN)|(BG)|(BF)|(BI)|(KH)|(CM)|(CA)|(CV)|(CF)|(TD)|(CL)|(CN)|(CX)|(CC)|(CO)|(KM)|(CG)|(CD)|(CK)|(CR)|(CI)|(HR)|(CU)|(CW)|(CY)|(CZ)|(DK)|(DJ)|(DM)|(DO)|(EC)|(EG)|(SV)|(GQ)|(ER)|(EE)|(ET)|(FO)|(FJ)|(FI)|(FR)|(GF)|(PF)|(TF)|(GA)|(GM)|(GE)|(DE)|(GH)|(GR)|(GL)|(GD)|(GP)|(GU)|(GT)|(GG)|(GN)|(GW)|(GY)|(HT)|(HM)|(VA)|(HN)|(HK)|(HU)|(IS)|(IN)|(ID)|(IR)|(IQ)|(IE)|(IM)|(IL)|(IT)|(JM)|(JP)|(JE)|(JO)|(KZ)|(KE)|(KI)|(KP)|(KR)|(XK)|(KW)|(KG)|(LA)|(LV)|(LB)|(LS)|(LR)|(LY)|(LI)|(LT)|(LU)|(MO)|(MK)|(MG)|(MW)|(MY)|(MV)|(ML)|(MT)|(MH)|(MQ)|(MR)|(MU)|(YT)|(MX)|(FM)|(MD)|(MC)|(MN)|(ME)|(MA)|(MZ)|(MM)|(NA)|(NR)|(NP)|(NL)|(NC)|(NZ)|(NI)|(NE)|(NG)|(NU)|(NF)|(MP)|(NO)|(OM)|(PK)|(PW)|(PS)|(PA)|(PG)|(PY)|(PE)|(PH)|(PL)|(PT)|(PR)|(QA)|(RE)|(RO)|(RU)|(RW)|(BL)|(KN)|(LC)|(MF)|(PM)|(VC)|(WS)|(SM)|(ST)|(SA)|(SN)|(RS)|(SC)|(SL)|(SG)|(SX)|(SK)|(SI)|(SB)|(SO)|(ZA)|(ES)|(LK)|(SD)|(SR)|(SJ)|(SZ)|(SE)|(CH)|(SY)|(TW)|(TJ)|(TZ)|(TH)|(TL)|(TG)|(TK)|(TO)|(TT)|(TN)|(TR)|(TM)|(TV)|(UG)|(UA)|(AE)|(GB)|(AI)|(BM)|(IO)|(VG)|(KY)|(FK)|(GI)|(MS)|(PN)|(SH)|(GS)|(TC)|(US)|(UM)|(UY)|(UZ)|(VU)|(VE)|(VN)|(VI)|(WF)|(EH)|(YE)|(ZM)|(ZW)|(SS)|(XV)|(XL)|(XT))..$")Other rules on Open derivatives (S.08.01)
- Item "Use of derivative" and "Unique Transactions Identifier" in Open Derivatives must be reported (BV1139)Blocking
- The item "Contract size" in Open Derivatives should be reported for futures and options (CIC '##A#' or '##B#' or '##C#' or ‘##F2’) (BV1071)
- Open derivatives: the format of a code or text (BV1233)Blocking
- Open derivatives: the format of a code or text (BV1243)Blocking
- Item "Swap inflow amount" should be positive or equal to zero (BV1029)
- Item "Swap outflow amount" should be positive or equal to zero (BV1028)
- The item "Maximum loss under unwinding event" in Open Derivatives should be positive or equal to zero (BV1027)
- Open derivatives: the format of a code or text (BV1269)Blocking
Every Solvency II rule on S.08.01
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.