There must be no nominated ECAI appointed in case "no rating available" was reported for "Credit quality step" (S.06.02, EIOPA rule BV1197)

The rule in plain words

EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs three of them (BV1197-2 to BV1197-5), and a failure names the one that failed.

What to do if your return fails it

1. 01Open the tables below and find the cells the rule reads.
2. 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.
3. 03It runs only when your filing indicators mark S.06.02 as reported.
4. 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

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

The plain words above are EIOPA’s own, word for word, from its list of validations.

Other rules on List of assets (S.06.02)

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.