The rule in plain words
The item "Technical provisions - life (excluding index-linked and unit-linked:/Technical provisions - life (excluding health and index-linked and unit-linked):/Risk margin" reported in the template reported in Balance sheet (SR.02.01) [RFF/MP/RM] should be equal or higher than the sum of "Risk margin - life (excluding index-linked and unit-linked" and "Amount of the transitional on Technical Provisions-Risk margin" reported in the Life and Health SLT Technical Provisions (SR.12.01) [RFF/MP/RM] - in Life other than health insurance, Excl. Unit-Linked/Index-Linked
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.
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs two of them (BV388_2-1-2 and BV388_2-1-3), and a failure names the one that failed.
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.
- 03EIOPA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark SR.01.01, SR.02.01 and SR.12.01 as reported.
- 05This 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
Content of the submission (SR.01.01.01.01)
Rows
- R0790SR.02.01.01 - Balance sheet
- R0800SR.12.01.01 - Life and Health SLT Technical Provisions
Column
- C0010Reporting status
Content of the submission (SR.01.01.07.01)
Rows
- R0790SR.02.01.07 - Balance sheet
- R0800SR.12.01.01 - Life and Health SLT Technical Provisions
Column
- C0010Reporting status
Balance sheet (SR.02.01.01.01)
Row
- R0680Risk margin
Column
- C0010Solvency II value
Balance sheet (SR.02.01.07.01)
Row
- R0680Risk margin
Column
- C0010Solvency II value
Life and health SLT technical provisions (SR.12.01.01.01)
Rows
- R0100Risk Margin
- R0130Risk margin
Columns
- C0030Index-linked and unit-linked insurance
- C0150Total (Life other than health insurance, including Unit-Linked)
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual ECB branch (AEB), annual branch (ARB), annual ECB solo (AES) and annual solo (ARS) returns, as a warning.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
The item "Technical provisions - life (excluding index-linked and unit-linked:/Technical provisions - life (excluding health and index-linked and unit-linked):/Risk margin" reported in the template reported in SR.02.01 - Balance sheet [RFF/MP/RM] should be equal or higher than the sum of "Risk margin - life (excluding index-linked and unit-linked" and "Amount of the transitional on Technical Provisions-Risk margin" reported in the SR.12.01 - Life and Health SLT Technical Provisions [RFF/MP/RM] - in Life other than health insurance , Excl. Unit-Linked/Index-Linked.
Show the formulaShowHide
EIOPA's formula, for BV388_2-1-3. Cells are written as {t: table, r: row, c: column}.
if ({t: SR.01.01.01.01, r: R0790, c: C0010, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} = [s2c_CN:x1] and {t: SR.01.01.01.01, r: R0800, c: C0010, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} = [s2c_CN:x1]) then {t: SR.02.01.01.01, r: R0680, c: C0010, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x40]} >= {t: SR.12.01.01.01, r: R0100, c: C0150, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} - {t: SR.12.01.01.01, r: R0100, c: C0030, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} + {t: SR.12.01.01.01, r: R0130, c: C0150, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} - {t: SR.12.01.01.01, r: R0130, c: C0030, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} else true()BV388_2-1-2:
if ({t: SR.01.01.07.01, r: R0790, c: C0010, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} = [s2c_CN:x1] and {t: SR.01.01.07.01, r: R0800, c: C0010, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} = [s2c_CN:x1]) then {t: SR.02.01.07.01, r: R0680, c: C0010, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x40]} >= {t: SR.12.01.01.01, r: R0100, c: C0150, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} - {t: SR.12.01.01.01, r: R0100, c: C0030, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} + {t: SR.12.01.01.01, r: R0130, c: C0150, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} - {t: SR.12.01.01.01, r: R0130, c: C0030, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x60]} else true()Other rules on Content of the submission (SR.01.01)
- Content of the submission and 2 other templates: a conditional check (BV388_2-2)
- Content of the submission and 2 other templates: a conditional check (BV384_2-1)Blocking
- Content of the submission and 2 other templates: a conditional check (BV384_2-2)Blocking
- Content of the submission and 2 other templates: a conditional check (BV392_2-1)Blocking
- Content of the submission and 2 other templates: a conditional check (BV392_2-2)Blocking
- Content of the submission and 2 other templates: a conditional check (BV383_2-1)Blocking
- Content of the submission and 2 other templates: a conditional check (BV383_2-2)Blocking
- Content of the submission and 2 other templates: a conditional check (BV393_2-1)Blocking
Every Solvency II rule on SR.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.