The rule in plain words
The item "Country of custody" was not reported
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs three of them (BV1209-2 to BV1209-5), and a failure names the one that failed.
This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it. It runs only when your filing indicators mark S.06.02 as reported.
The cells it reads
List of assets: information on positions held (S.06.02.01.01)
Column
- C0110Country of custody
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
- C0110Country of custody
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
- C0110Country of custody
List of assets: information on assets (S.06.02.07.02)
Column
- C0290CIC
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS), quarterly group (QRG), quarterly branch (QRB), annual solo (ARS), annual group (ARG), annual branch (ARB) and financial stability group (QFG) 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 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 BV1209-5. Cells are written as {t: table, r: row, c: column}.
not(isNull({t: S.06.02.01.01, c: C0110, z: Z0001}))BV1209-2:
not(isNull({t: S.06.02.07.01, c: C0110, z: Z0001}))BV1209-3:
not(isNull({t: S.06.02.04.01, c: C0110, z: Z0001}))Other rules on List of assets (S.06.02)
- List of assets: values to report together, or not at all (BV1212)
- Item “Quantity ” should not be reported for items with CIC like '##71' or '##9#' (BV1214)
- Item “Par amount ” should not be reported for items with CIC like '##71' or '##9#' (BV1215)
- List of assets: a conditional check (BV1201)
- Item “Issuer Code” should be reported at least for items with CIC codes different from '##71', '##75', '##87', '##88', '##9#' or '##09' (BV1217)
- The "External rating" should not be provided whether no ECAI has been nominated and a simplification is being used to calculate the SCR (BV1200)
- The item 'Par amount' in List of assets, should be positive, with the exception of bank overdrafts (BV1199)
- There must be no nominated ECAI appointed in case "no rating available" was reported for "Credit quality step" (BV1197)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.