The rule in plain words
For assets with CIC codes like '##72' or '##73' or '##74' or '##75' or '##79' or '##8#' item “Par amount” should be reported, while item "Quantity" should be left empty
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 (BV1212-2 to BV1212-5), 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.
- 02Report these values together, or leave them all out.
- 03It runs only when your filing indicators mark 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
List of assets: information on positions held (S.06.02.01.01)
Columns
- C0130Quantity
- C0140Par 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)
Columns
- C0130Quantity
- C0140Par 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)
Columns
- C0130Quantity
- C0140Par amount
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 BV1212-5. Cells are written as {t: table, r: row, c: column}.
(isNull({t: S.06.02.01.01, c: C0130, z: Z0001}) and not(isNull({t: S.06.02.01.01, c: C0140, z: Z0001}))) or (not(isNull({t: S.06.02.01.01, c: C0130, z: Z0001})) and isNull({t: S.06.02.01.01, c: C0140, z: Z0001}))BV1212-2:
(isNull({t: S.06.02.07.01, c: C0130, z: Z0001}) and not(isNull({t: S.06.02.07.01, c: C0140, z: Z0001}))) or (not(isNull({t: S.06.02.07.01, c: C0130, z: Z0001})) and isNull({t: S.06.02.07.01, c: C0140, z: Z0001}))BV1212-3:
(isNull({t: S.06.02.04.01, c: C0130, z: Z0001}) and not(isNull({t: S.06.02.04.01, c: C0140, z: Z0001}))) or (not(isNull({t: S.06.02.04.01, c: C0130, z: Z0001})) and isNull({t: S.06.02.04.01, c: C0140, z: Z0001}))Other rules on List of assets (S.06.02)
- Item “Quantity ” should not be reported for items with CIC like '##71' or '##9#' (BV1214)
- The item "Country of custody" was not reported (BV1209)
- Item “Par amount ” should not be reported for items with CIC like '##71' or '##9#' (BV1215)
- Item “Issuer Code” should be reported at least for items with CIC codes different from '##71', '##75', '##87', '##88', '##9#' or '##09' (BV1217)
- List of assets: a conditional check (BV1201)
- 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.