The rule in plain words
The item "Total all participations" reported in S.24.01, should be equal to the sum of the total "Total participations in related undertakings that are financial and credit institutions (for which there is an OF deduction)" and total participations reported in tables 3, 4, 5, 6, 7
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.
- 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- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 warning. It does not stop the return on its own, but your supervisor may ask you to explain it.
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)
Column
- C0150Total
Participations held: table 3 - participations in related undertakings that are financial and credit institutions which are considered strategic as defined in article 171 of the delegated regulation (EU) 2015/35 and which are included in the calculation of the group solvency on the basis of method 1 (no OF deduction according to art 68(3)). (S.24.01.01.05)
Column
- C0260Total
Participations held: table 4 - participations in related undertakings that are financial and credit institutions which are strategic (as defined in article 171 of the delegated regulation (EU) 2015/35), not included in the calculation of the group solvency on the basis of method 1 and which are not deducted according to art 68(1) and 68 (2) (It should include the remaining part following the partial deduction according to article 68 (2) of the delegated regulation (EU) 2015/35) (S.24.01.01.06)
Column
- C0330Total
Participations held: table 5 - participations in related undertakings that are financial and credit institutions which are not strategic and which are not deducted according to art 68(1) and 68(2) of delegated regulation 2015/35 (It should include the remaining part following the partial deduction according to article 68 (2) of the delegated regulation (EU) 2015/35) (S.24.01.01.07)
Column
- C0400Total
Participations held: table 6 - other strategic participations not in financial and credit institution (S.24.01.01.08)
Column
- C0470Total
Participations held: table 7 - other non-strategic participations not in financial and credit institution (S.24.01.01.09)
Column
- C0540Total
Participations held: total all participations (S.24.01.01.11)
Row
- R0100Total all participations
Column
- C0620Total
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}.
{t: S.24.01.01.03, r: R0001, c: C0150, z: Z0001} + sum({t: S.24.01.01.05, c: C0260, z: Z0001}) + sum({t: S.24.01.01.06, c: C0330, z: Z0001}) + sum({t: S.24.01.01.07, c: C0400, z: Z0001}) + sum({t: S.24.01.01.08, c: C0470, z: Z0001}) + sum({t: S.24.01.01.09, c: C0540, z: Z0001}) = {t: S.24.01.01.11, r: R0100, c: C0620, 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" (BV1612)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
- 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.