The rule in plain words
The value reported in column "Total" reported in Own funds (S.23.01) must be equal to the sum of values reported as "Tier 2" and "Tier 3"
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs two of them (BV533-1 and BV533-2), and a failure names the one that failed.
This is a blocking check. A return that fails it is normally rejected, so fix it before you submit. It runs only when your filing indicators mark S.23.01 as reported.
The cells it reads
Own funds (S.23.01.07.01)
Rows
- R0350Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC
- R0390Other ancillary own funds
- R0400Total ancillary own funds
Columns
- C0010Total
- C0040Tier 2
- C0050Tier 3
Own funds (S.23.01.08.01)
Rows
- R0350Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC
- R0390Other ancillary own funds
- R0400Total ancillary own funds
Columns
- C0010Total
- C0040Tier 2
- C0050Tier 3
Which returns it applies to
Line4 Check runs it on quarterly branch (QRB) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual branch (ARB), annual ECB branch (AEB), quarterly ECB branch (QEB) and quarterly branch (QRB) returns, as a blocking check.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
The value reported in column "Total" reported in S.23.01 - Own funds must be equal to the sum of values reported as "Tier 2" and "Tier 3".
Show the formulaShowHide
EIOPA's formula, for BV533-2. Cells are written as {t: table, r: row, c: column}.
{t: S.23.01.08.01, c: C0010, z: Z0001} = {t: S.23.01.08.01, c: C0040, z: Z0001} + {t: S.23.01.08.01, c: C0050, z: Z0001}BV533-1:
{t: S.23.01.07.01, c: C0010, z: Z0001} = {t: S.23.01.07.01, c: C0040, z: Z0001} + {t: S.23.01.07.01, c: C0050, z: Z0001}Other rules on Own funds (S.23.01)
- The value reported in column "Total" reported in Own funds must be equal to the value reported as "Tier 2" (BV532)Blocking
- Own funds and impact of long-term guarantees measures and transitionals: values must agree (BV534)Blocking
- The value reported in column "Total" reported in Own funds must be equal to the value reported as "Tier 3" (BV531)Blocking
- Own funds: values must agree (BV535)Blocking
- Own funds: two values must match (BV530)Blocking
- Own funds: a total must equal the sum of its parts (BV536)Blocking
- Own funds: two values must match (BV529)Blocking
- Own funds and impact of long-term guarantees measures and transitionals: a total must equal the sum of its parts (BV537)Blocking
Every Solvency II rule on S.23.01
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.
