Own funds: values must agree (S.23.01, EIOPA rule BV542)

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 two of them (BV542-3 and BV542-4), 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

Which returns it applies to

Line4 Check runs it on quarterly solo (QRS) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly ECB solo (QES), quarterly solo (QRS), 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 "Tier 1 - restricted" value of "Available and eligible own funds/Total eligible own funds to meet the SCR" reported into the template S.23.01 - Own funds must be the minimum between 25% of "Total eligible own funds to meet the SCR/Tier 1 - unrestricted" and "Total eligible own funds to meet the SCR/Tier 1 - restricted" when "Tier 1 - unrestricted" value of "Available and eligible own funds/Total eligible own funds to meet the SCR" is greater then 0.

Other rules on Own funds (S.23.01)

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.