Item reported in Minimum Capital Requirement - Only life or only non-life insurance or reinsurance activity should be positive (S.28.01, EIOPA rule BV1226)

The rule in plain words

What to do if your return fails it

1. 01Open the table below and find the cells the rule reads.
2. 02Look for a value below zero in these cells, such as an amount entered as a negative number.
3. 03It runs only when your filing indicators mark S.28.01 as reported.
4. 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

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 ECB branch (AEB), annual solo (ARS) and annual branch (ARB) returns, as a warning.

EIOPA’s own words and formula

In EIOPA’s list of validations, word for word:

Item reported in S.28.01 - Minimum Capital Requirement - Only life or only non-life insurance or reinsurance activity should be positive.

Other rules on Minimum capital requirement - only life or only non-life insurance or reinsurance activity (S.28.01)

Every Solvency II rule on S.28.01

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.