The rule in plain words
Items "Pension entitlements", "Type of product", "Product denomination" and "Product still commercialised?" 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: characteristics of product (S.14.01.01.02)
Columns
- C0101Product classification
- C0102Pension entitlements
- C0110Type of product
- C0120Product denomination
- C0130Product still commercialised?
- C0141Profit sharing
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.14.01.01.02, c: C0101})) or not(isNull({t: S.14.01.01.02, c: C0102})) or not(isNull({t: S.14.01.01.02, c: C0141})) or not(isNull({t: S.14.01.01.02, c: C0110})) or not(isNull({t: S.14.01.01.02, c: C0130})) or not(isNull({t: S.14.01.01.02, c: C0120})) then not(isNull({t: S.14.01.01.02, c: C0102})) and not(isNull({t: S.14.01.01.02, c: C0110})) and not(isNull({t: S.14.01.01.02, c: C0130})) and not(isNull({t: S.14.01.01.02, c: C0120})) else true()Other rules on Life obligations analysis (S.14.01)
- Items "Line of Business" and "Country" should always be provided (BV1592)
- 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.
