Balance sheet and own funds: values must agree (S.02.01, S.23.01, EIOPA rule BV552)

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.

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 branch (QRB) return on EIOPA taxonomy 2.10.0. EIOPA applies it to 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 "Total" value of "Reconciliation reserve before deduction for participations" reported in the template S.23.01 - Own funds must be equal to sum of the same item "Excess of assets over liabilities" less "Other basic own fund items" less "Adjustment for restricted own fund items in respect of ring fenced funds".

Other rules on Balance sheet (S.02.01)

Every Solvency II rule on S.02.01

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.