List of assets and collective investment undertakings - look-through approach: a conditional check (S.06.02, S.06.03, EIOPA rule BV433)

The rule in plain words

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 three of them (BV433-1 to BV433-3), and a failure names the one that failed.

What to do if your return fails it

1. 01Open the tables below and find the cells the rule reads.
2. 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.
3. 03It runs only when your filing indicators mark S.06.02 and S.06.03 as reported.
4. 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Which returns it applies to

Line4 Check runs it on quarterly solo (QRS), quarterly group (QRG) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly solo (QRS), annual solo (ARS), quarterly group (QRG), annual group (ARG), quarterly branch (QRB) and annual branch (ARB) returns, as a blocking check.

EIOPA’s own words and formula

In EIOPA’s list of validations, word for word:

There is at least one Collective Investment Undertaking reported in template S.06.03 - Collective investment undertakings - look-through approach that is not reported in template S.06.02 - List of assets.

Other rules on List of assets (S.06.02)

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.