The rule in plain words
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"
This is a blocking check. A return that fails it is normally rejected, so fix it before you submit. It runs only when your filing indicators mark S.24.01 as reported.
The cells it reads
Participations held: total for SCR calculation (S.24.01.01.10)
Rows
- R0040Total participations in related undertakings that are financial and credit institutions
- R0050of which: strategic (method 1 or less than 10% not method 1)
- R0060of which: non-strategic (less than 10%)
- R0070Total participations in related undertakings that are not financial and credit institutions
- R0080of which: strategic
- R0090of which: non-strategic
Columns
- C0580Total
- C0590Type 1 Equity
- C0600Type 2 Equity
- C0610Subordinated liabilities
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.24.01.01.10, c: C0580, z: Z0001} = {t: S.24.01.01.10, c: C0590, z: Z0001} + {t: S.24.01.01.10, c: C0600, z: Z0001} + {t: S.24.01.01.10, c: C0610, 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 "Type 1 Equity", "Type 2 Equity" and "Subordinated liabilities" (BV1611)Blocking
- Participations held: a total must equal the sum of its parts (BV1613)
- 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" (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" (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" (BV1607)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" (BV1605)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.