The rule in plain words
Data relating to Business underwritten in the considered country through FPS, as reported in column C0030 of template S.04.04 for the entity acting as the head office, should not be reported in respect of the country in which that entity is authorised to conduct business (Country of authorisation reported in S.01.02)
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.01.02, S.04.03 and S.04.04 as reported.
The cells it reads
Basic information (S.01.02.01.01)
Row
- R0050Country of authorisation
Column
- C0010Report information
Basic information - list of underwriting entities: list of underwriting entities (S.04.03.01.01)
Column
- C0020Type of underwriting entity
Activity by country- location of underwriting: by underwriting entity and by EEA country (host country for FPS) (S.04.04.01.02)
Row
- R0020Premiums written (gross)
Column
- C0030Business underwritten in the considered country through FPS
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 ECB solo (AES) 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}.
{t: S.01.02.01.01, r: R0050, c: C0010} != dim({t: S.04.04.01.02, r: R0020, c: C0030, z: Z0001},[s2c_dim:LA])Other rules on Basic information (S.01.02)
- For IM and PIM, the values reported for Solvency Capital Requirement, in S.25.05 should correspond to those provided in S.26.08 (BV2540-1)
- For IM and PIM, the values reported for Amount modelled, in S.25.05 should correspond to those provided in S.26.08 (BV2540-2)
- The CDFs reported in S.26.14 should rise monotonically (BV2532)
- The CDFs reported in S.26.13 should rise monotonically (BV2531)
- The CDFs reported in S.26.13 should rise monotonically (BV2530)
- The CDFs reported in S.26.13 should rise monotonically (BV2529)
- The CDFs reported in S.26.09 should rise monotonically (BV2545)
- The CDFs reported in S.26.13 should rise monotonically (BV2528)
Every Solvency II rule on S.01.02
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.
