The rule in plain words
The item "Total" reported in S.24.01, must be equal to the sum of the items "Common Equity Tier 1", "Additional Tier 1" and "Tier 2"
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Add up the parts in your return and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
- 04EIOPA allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark S.24.01 as reported.
- 06This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Participations held: total participations in related undertakings that are financial and credit institutions (for which there is an OF deduction) (S.24.01.01.03)
Row
- R0001Total participations in related undertakings that are financial and credit institutions (for which there is an OF deduction)
Columns
- C0150Total
- C0160Common Equity Tier 1
- C0170Additional Tier 1
- C0180Tier 2
A worked example
With simple numbers.
Total must then be 2,450.
A file that reports 2,450 passes. One that reports 2,550 fails, by 100.
The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.
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 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}.
{t: S.24.01.01.03, r: R0001, c: C0150, z: Z0001} = {t: S.24.01.01.03, r: R0001, c: C0160, z: Z0001} + {t: S.24.01.01.03, r: R0001, c: C0170, z: Z0001} + {t: S.24.01.01.03, r: R0001, c: C0180, z: Z0001}Other rules on Participations held (S.24.01)
- The item "Total" reported in S.24.01, must be equal to the sum of the items "Common Equity Tier 1", "Additional Tier 1" and "Tier 2" (BV1604)Blocking
- The item "Total" reported in S.24.01, must be equal to the sum of the items "Tier 1 - unrestricted", "Tier 1 - restricted" and "Tier 2" (BV1606)Blocking
- The item "Total" reported in S.24.01, must be equal to the sum of the items "Common Equity Tier 1", "Additional Tier 1" and "Tier 2" (BV1603)Blocking
- The item "Total" reported in S.24.01, must be equal to the sum of the items "Type 1 Equity", "Type 2 Equity" and "Subordinated liabilities" (BV1607)Blocking
- The item "Total" reported in S.24.01, must be equal to the sum of the items "Type 1 Equity", "Type 2 Equity" and "Subordinated liabilities" (BV1608)Blocking
- The item "Total" reported in S.24.01, must be equal to the sum of the items "Type 1 Equity", "Type 2 Equity" and "Subordinated liabilities" (BV1609)Blocking
- The item "Total" reported in S.24.01, must be equal to the sum of the items "Type 1 Equity", "Type 2 Equity" and "Subordinated liabilities" (BV1610)Blocking
- The item "Total" reported in S.24.01, must be equal to the sum of the items "Type 1 Equity", "Type 2 Equity" and "Subordinated liabilities" (BV1611)Blocking
Every Solvency II rule on S.24.01
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.