The rule in plain words
Items "Line of Business" and "Country" should always be provided
What to do if your return fails it
- 01Open the table 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.14.01 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
Life obligations analysis: portfolio (S.14.01.01.01)
Columns
- C0030Line of Business
- C0040Number of contracts at the end of the year
- C0041of which: contracts with surrender option
- C0050Number of new contracts during year
- C0051Number of contracts surrendered during the year
- C0054Number of insured at the end of the year
- C0080Country
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 not(isNull({t: S.14.01.01.01, c: C0040})) or not(isNull({t: S.14.01.01.01, c: C0041})) or not(isNull({t: S.14.01.01.01, c: C0050})) or not(isNull({t: S.14.01.01.01, c: C0051})) or not(isNull({t: S.14.01.01.01, c: C0054})) then not(isNull({t: S.14.01.01.01, c: C0030})) and not(isNull({t: S.14.01.01.01, c: C0080})) else false()Other rules on Life obligations analysis (S.14.01)
- Items "Pension entitlements", "Type of product", "Product denomination" and "Product still commercialised?" should always be provided (BV1593)
- Life obligations analysis: a value must not be less than another (BV1995)
- Life obligations analysis: a total must equal the sum of its parts (BV1996)
- Life obligations analysis: a conditional check (BV1034)
- The item "number of new contracts during year" reported in table Life obligations analysis must be positive (BV838)Blocking
- The item "number of contracts at the end of the year" reported in table Life obligations analysis must be positive (BV837)Blocking
- Life obligations analysis: a conditional check (BV2584)
- Life obligations analysis: double, trailing or leading whitespaces are not allowed (TV58)Blocking
Every Solvency II rule on S.14.01
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.