The rule in plain words
If asset held in unit linked and index linked contracts in template S.14.04 is reported, then Country where the contract was entered into, should also be reported
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 table below and find the cells the rule reads.
- 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.
- 03It runs only when your filing indicators mark S.14.04 as reported.
- 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
Liquidity risk for life business: portfolio (S.14.04.11.01)
Columns
- C0080Country
- C0310Asset held in unit linked and index linked contracts
Which returns it applies to
Line4 Check runs it on financial stability solo (QFS) and financial stability group (QFG) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to financial stability group (QFG) and financial stability solo (QFS) 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}.
if not(isNull({t: S.14.04.11.01, c: C0310})) then not(isNull({t: S.14.04.11.01, c: C0080})) else true()Other rules on Liquidity risk for life business (S.14.04)
Every Solvency II rule on S.14.04
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.