Content of the submission and 2 other templates: a conditional check (S.01.01, S.26.08, S.26.09, EIOPA rule BV1799)

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, S.26.08 and S.26.09 as reported.
4. 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

Which returns it applies to

Line4 Check runs it on annual solo (ARS) return on EIOPA taxonomy 2.10.0. EIOPA applies it to annual solo (ARS) returns, as a warning.

EIOPA’s own words and formula

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

If the item "S.26.08.01 - Solvency Capital Requirement - for undertakings using an internal model (partial or full)" reported in S.01.01.01.01 Content of the submission is '5: Reported due to use of full internal model' then the "Property risk" value of "Solvency Capital Requirement" reported in S.26.08.01.01 Solvency Capital Requirement - for undertakings using an internal model (partial or full), Component - specific information should be equal to "Property risk" value of "mVaR 99.50%" reported in S.26.09.01.02 Internal model - Market and credit risk for financial instruments - mVaR and VaR percentiles - including LAC TP but excluding LAC DT - each as marginal shock in the designated risk.

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.