The rule in plain words
Each Fund number reported in List of Assets (S.06.02) should also be reported in Basic Information - RFF and matching adjustment portfolios (S.01.03) for "1 - Ring-fenced fund" reported in the item "RFF/MAP/Remaining part of a fund"
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 three of them (BV1193-7 to BV1193-10), 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.01.03 and S.06.02 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 - RFF and matching adjustment portfolios: list of all RFF/MAP (overlaps allowed) (S.01.03.01.01)
Columns
- C0050Name of ring-fenced fund/Matching adjustment portfolio
- C0060RFF/MAP/Remaining part of a fund
Basic information - RFF and matching adjustment portfolios: list of all RFF/MAP (overlaps allowed) (S.01.03.04.01)
Columns
- C0050Name of ring-fenced fund/Matching adjustment portfolio
- C0060RFF/MAP/Remaining part of a fund
List of assets: information on positions held (S.06.02.01.01)
Column
- C0170Total Solvency II amount
List of assets: information on assets (S.06.02.01.02)
Column
- C0290CIC
List of assets: information on positions held (S.06.02.04.01)
Column
- C0170Total Solvency II amount
List of assets: information on assets (S.06.02.04.02)
Column
- C0290CIC
List of assets: information on positions held (S.06.02.07.01)
Column
- C0170Total Solvency II amount
List of assets: information on assets (S.06.02.07.02)
Column
- C0290CIC
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
In EIOPA’s list of validations, word for word:
Each Fund number reported in S.06.02 - List of Assets should also be reported in S.01.03 - Basic Information - RFF and matching adjustment portfolios for "1 - Ring-fenced fund" reported in the item "RFF/MAP/Remaining part of a fund".
Show the formulaShowHide
EIOPA's formula, for BV1193-10. Cells are written as {t: table, r: row, c: column}.
if not(isNull({t: S.06.02.01.02, c: C0290, z: Z0001})) then not(isNull({t: S.01.03.01.01, c: C0050})) and not(isNull({t: S.06.02.01.01, c: C0170, z: Z0001})) and {t: S.01.03.01.01, c: C0060} = [s2c_PU:x96] else true()BV1193-7:
if not(isNull({t: S.06.02.07.02, c: C0290, z: Z0001})) then not(isNull({t: S.01.03.01.01, c: C0050})) and not(isNull({t: S.06.02.07.01, c: C0170, z: Z0001})) and {t: S.01.03.01.01, c: C0060} = [s2c_PU:x96] else true()BV1193-8:
if not(isNull({t: S.06.02.04.02, c: C0290, z: Z0001})) then not(isNull({t: S.01.03.04.01, c: C0050})) and not(isNull({t: S.06.02.04.01, c: C0170, z: Z0001})) and {t: S.01.03.04.01, c: C0060} = [s2c_PU:x96] else true()Other rules on Basic information - RFF and matching adjustment portfolios (S.01.03)
- There is at least one fund/matching portfolio reported in Table 2 of S.01.03 that is not reported in Table 1 of S.01.03 (BV1280)Blocking
- There is at least one fund/matching portfolio reported in Table 2 of S.01.03 that is not reported in Table 1 of S.01.03 (BV1281)Blocking
- Basic information - RFF and matching adjustment portfolios: a conditional check (BV1436)
- Basic information - RFF and matching adjustment portfolios: a conditional check (BV1578)
- All columns in S.01.03 must be reported (BV1584)Blocking
- All columns in S.01.03 must be reported (BV1735)Blocking
Every Solvency II rule on S.01.03
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.