Content of the submission and solvency capital requirement - for undertakings using an internal model (partial or full): a conditional check (S.01.01, S.25.05, EIOPA rule BV1741_3)

The rule in plain words

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

1. 01Open the tables below and find the cells the rule reads.
2. 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.
3. 03It runs only when your filing indicators mark S.01.01 and S.25.05 as reported.
4. 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Which returns it applies to

Line4 Check runs it on annual branch (ARB) return on EIOPA taxonomy 2.10.0. EIOPA applies it to annual branch (ARB) returns, as a blocking check.

EIOPA’s own words and formula

In EIOPA’s list of validations, word for word:

The amount/estimate of the overall adjustment for loss-absorbing capacity of technical provisions reported in S.25.05 - Solvency Capital Requirement - for undertakings using partial internal model must be lower or equal to zero.

Other rules on Content of the submission (S.01.01)

Every Solvency II rule on S.01.01

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.