The rule in plain words
There is at least one derivative reported in Table 1 of S.08.01 that is not reported in Table 2 of S.08.01
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.08.01 as reported.
- 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Open derivatives: information on positions held (S.08.01.01.01)
Column
- C0240Solvency II value
Open derivatives: information on derivatives (S.08.01.01.02)
Column
- C0380CIC
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly ECB branch (QEB), quarterly ECB solo (QES), quarterly branch (QRB), quarterly solo (QRS), annual branch (ARB), annual solo (ARS), annual ECB solo (AES) and annual ECB branch (AEB) 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.
Show the formulaShowHide
EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
if not(isNull({t: S.08.01.01.01, c: C0240, z: Z0001})) then not(isNull({t: S.08.01.01.02, c: C0380, z: Z0001})) else true()Other rules on Open derivatives (S.08.01)
- There is at least one derivative reported in Table 1 of S.08.01 that is not reported in Table 2 of S.08.01 (BV1283)Blocking
- Open derivatives: the format of a code or text (BV1269)Blocking
- Open derivatives: the format of a code or text (BV1243)Blocking
- Open derivatives: the format of a code or text (BV1233)Blocking
- Open derivatives: the format of a code or text (BV1385)Blocking
- Open derivatives: the first two letters are not valid ISO3166 country code (BV1148)Blocking
- Open derivatives: the format of a code or text (BV1417)Blocking
- Item "Use of derivative" and "Unique Transactions Identifier" in Open Derivatives must be reported (BV1139)Blocking
Every Solvency II rule on S.08.01
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.
