The rule in plain words
S.04.03, S.04.04 and S.04.05 should be reported simultaneously, except when the location of underwriting and location of risk coincide for all insurance and reinsurance business (for each underwriting entity and each line of business), template S.04.05 is not required and an entity shall report S.04.03 and S.04.04 only
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.
This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it. It runs only when your filing indicators mark S.01.01 as reported.
The cells it reads
Content of the submission (S.01.01.01.01)
Rows
- R0104S.04.03.01 - Basic Information - list of underwriting entities
- R0105S.04.04.01 - Activity by country - location of underwriting
- R0106S.04.05.01 - Activity by country - location of risk
Column
- C0010Reporting status
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
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.01.01.01.01, r: R0104, c: C0010} = [s2c_CN:x1] and {t: S.01.01.01.01, r: R0105, c: C0010} = [s2c_CN:x1] and {t: S.01.01.01.01, r: R0106, c: C0010} = [s2c_CN:x1]) or ({t: S.01.01.01.01, r: R0104, c: C0010} = [s2c_CN:x1] and {t: S.01.01.01.01, r: R0105, c: C0010} = [s2c_CN:x1] and {t: S.01.01.01.01, r: R0106, c: C0010} = [s2c_CN:x90]) or ({t: S.01.01.01.01, r: R0104, c: C0010} = [s2c_CN:x29] and {t: S.01.01.01.01, r: R0105, c: C0010} = [s2c_CN:x29] and {t: S.01.01.01.01, r: R0106, c: C0010} = [s2c_CN:x29])Other rules on Content of the submission (S.01.01)
- If {S.04.03, c0010} is reported then one and only one columns has to be head of office (BV1860_1)Blocking
- Content of the submission and 2 other templates: a conditional check (BV1812)
- Content of the submission and 3 other templates: a conditional check (BV1810)
- Content of the submission and 3 other templates: a conditional check (BV1809)
- Content of the submission and 3 other templates: a conditional check (BV1808)
- Content of the submission and 3 other templates: a conditional check (BV1807)
- Content of the submission and 3 other templates: a conditional check (BV1806)
- Content of the submission and 3 other templates: a conditional check (BV1805)
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.