The rule in plain words
Assets reported as collective investment undertakings (S.06.02, C0290) with the “Valuation method” being adjusted equity or IFRS equity method (S.06.02, C0150), should be reported for assets reported as participations in column C0310
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.
- 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.06.02 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
List of assets: information on positions held (S.06.02.01.01)
Column
- C0150Valuation method
List of assets: information on assets (S.06.02.01.02)
Columns
- C0290CIC
- C0310Holdings in related undertakings, including participations
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS) return on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly solo (QRS) and 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}.
if {t: S.06.02.01.01, c: C0150, z: Z0001} = [s2c_VM:x2] or {t: S.06.02.01.01, c: C0150, z: Z0001} = [s2c_VM:x22] then not(isNull({t: S.06.02.01.02, c: C0310, z: Z0001})) and {t: S.06.02.01.02, c: C0310, z: Z0001} != [s2c_PU:x16] else true()Other rules on List of assets (S.06.02)
- List of assets: solvency II amount should be greater than or equal to Accrued interest (BV2173_1)
- List of assets: solvency II amount should be greater than or equal to Accrued interest (BV2173_2)
- List of assets: solvency II amount should be greater than or equal to Accrued interest (BV2173_3)
- List of assets: a value must not be more than another (BV2172_1)
- List of assets: a value must not be more than another (BV2172_2)
- List of assets: a value must not be more than another (BV2172_3)
- The item "Infrastructure investment" must be reported by using one of the options in the closed list specified in the ITS (BV1706)Blocking
- Item “Issuer Code” should not be reported for CIC codes '##71', '##75', '##87', '##88' or '##9#' (BV1511)
Every Solvency II rule on S.06.02
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.