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.01.03.04.01)
Column
- C0070RFF/MAP with sub RFF/MAP
Basic information - RFF and matching adjustment portfolios: list of RFF/MAP with sub RFF/MAP (S.01.03.04.02)
Column
- C0120Sub RFF/MAP
Which returns it applies to
Line4 Check runs it on annual group (ARG) return on EIOPA taxonomy 2.10.0. EIOPA applies it to annual group (ARG) 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.01.03.04.01, c: C0070} = [s2c_PU:x55] then not(isNull({t: S.01.03.04.02, c: C0120})) else true()Other rules on Basic information - RFF and matching adjustment portfolios (S.01.03)
- All columns in S.01.03 must be reported (BV1584)Blocking
- Basic information - RFF and matching adjustment portfolios: a conditional check (BV1436)
- All columns in S.01.03 must be reported (BV1735)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)
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.