The rule in plain words
Item "Technical provisions without transitional on interest rate" and "Best estimate subject to transitional of the interest rate", should be reported for undertakings which declared in the basic information to be subject to this measure
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.
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs two of them (BV1176_9-1 and BV1176_9-2), 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.
- 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.01.02 and S.12.01 as reported.
- 04This 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
Basic information (S.01.02.01.01)
Row
- R0190Transitional measure on the risk-free interest rate
Column
- C0010Report information
Basic information (S.01.02.07.01)
Row
- R0190Transitional measure on the risk-free interest rate
Column
- C0010Report information
Life and health SLT technical provisions (S.12.01.01.01)
Rows
- R0310Best estimate subject to transitional of the interest rate
- R0320Technical provisions without transitional on interest rate
Column
- C0200Health reinsurance (reinsurance accepted)
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual ECB solo (AES), annual solo (ARS), annual ECB branch (AEB) and annual branch (ARB) 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.
Show the formulaShowHide
EIOPA's formula, for BV1176_9-1. Cells are written as {t: table, r: row, c: column}.
if ({t: S.01.02.01.01, r: R0190, c: C0010} = [s2c_AP:x9] and not(isNull({t: S.12.01.01.01, r: R0310, c: C0200}))) then not(isNull({t: S.12.01.01.01, r: R0320, c: C0200})) else true()BV1176_9-2:
if ({t: S.01.02.07.01, r: R0190, c: C0010} = [s2c_AP:x9] and not(isNull({t: S.12.01.01.01, r: R0310, c: C0200}))) then not(isNull({t: S.12.01.01.01, r: R0320, c: C0200})) else true()Other rules on Basic information (S.01.02)
- Basic information and life and health SLT technical provisions: a conditional check (BV1176_1)
- Basic information and life and health SLT technical provisions: a conditional check (BV1176_2)
- Basic information and life and health SLT technical provisions: a conditional check (BV1176_3)
- Basic information and life and health SLT technical provisions: a conditional check (BV1176_4)
- Basic information and life and health SLT technical provisions: a conditional check (BV1176_5)
- Basic information and life and health SLT technical provisions: a conditional check (BV1176_6)
- Basic information and life and health SLT technical provisions: a conditional check (BV1176_7)
- Basic information and life and health SLT technical provisions: a conditional check (BV1176_8)
Every Solvency II rule on S.01.02
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.