The rule in plain words
For every Fund with other funds embedded there should be a corresponding Number of RFF/MAP in the List of RFF/MAP with sub RFF/MAP reported
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.
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.01.03 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
Basic information - RFF and matching adjustment portfolios: list of all RFF/MAP (overlaps allowed) (S.01.03.01.01)
Column
- C0070RFF/MAP with sub RFF/MAP
Basic information - RFF and matching adjustment portfolios: list of RFF/MAP with sub RFF/MAP (S.01.03.01.02)
Column
- C0120Sub RFF/MAP
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
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 {t: S.01.03.01.01, c: C0070} = [s2c_PU:x55] then not(isNull({t: S.01.03.01.02, c: C0120})) else true()Other rules on Basic information - RFF and matching adjustment portfolios (S.01.03)
- Basic information - RFF and matching adjustment portfolios: a conditional check (BV1578)
- All columns in S.01.03 must be reported (BV1584)Blocking
- There is at least one fund/matching portfolio reported in Table 2 of S.01.03 that is not reported in Table 1 of S.01.03 (BV1281)Blocking
- There is at least one fund/matching portfolio reported in Table 2 of S.01.03 that is not reported in Table 1 of S.01.03 (BV1280)Blocking
- Basic information - RFF and matching adjustment portfolios and list of assets: a conditional check (BV1193)
- All columns in S.01.03 must be reported (BV1735)Blocking
Every Solvency II rule on S.01.03
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.