The rule in plain words
For RFF a fund number must be reported in Solvency Capital Requirement - Life underwriting risk (SR.26.03)
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 SR.26.03 as reported.
The cells it reads
Solvency capital requirement - for undertakings on standard formula: basic solvency capital requirement (SR.25.01.01.01)
Row
- R0030Life underwriting risk
Column
- C0040Gross solvency capital requirement
Solvency capital requirement - for undertakings on standard formula: basic solvency capital requirement (SR.25.01.04.01)
Row
- R0030Life underwriting risk
Column
- C0040Gross solvency capital requirement
Solvency capital requirement - life underwriting risk: life underwriting risk (SR.26.03.01.04)
Rows
- R0100Mortality risk
- R0200Longevity risk
- R0300Disability-morbidity risk
- R0400Lapse risk
- R0410risk of increase in lapse rates
- R0420risk of decrease in lapse rates
- R0430mass lapse risk
- R0500Life expense risk
- R0600Revision risk
- R0700Life catastrophe risk
- R0800Diversification within life underwriting risk module
- R0900Total life underwriting risk
Column
- C0080Gross solvency capital requirement
Which returns it applies to
Line4 Check runs it on annual solo (ARS), annual group (ARG) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual branch (ARB), annual solo (ARS), annual ECB solo (AES), annual ECB branch (AEB) and annual group (ARG) returns, as a blocking check.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
For RFF a fund number must be reported in SR.26.03 - Solvency Capital Requirement - Life underwriting risk.
Show the formulaShowHide
EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
not(isNull(dim({t: SR.26.03.01.04, r: R0100; R0200; R0300; R0400; R0410; R0420; R0430; R0500; R0600; R0700; R0800; R0900, c: C0080, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x40]},[s2c_dim:NF])))Other rules on Solvency capital requirement - for undertakings on standard formula (SR.25.01)
- For RFF a fund number must be reported in Solvency Capital Requirement - Counterparty default risk (BV576-2)Blocking
- For RFF a fund number must be reported in Solvency Capital Requirement - Market risk (BV563-3)Blocking
- For RFF a fund number must be reported in Solvency Capital Requirement - Health underwriting risk (BV603-9)Blocking
- For RFF a fund number must be reported in Solvency Capital Requirement - Non-Life underwriting risk (BV634-5)Blocking
- For RFF a fund number must be reported in Solvency Capital Requirement - Operational risk (BV649)Blocking
- Solvency capital requirement - for undertakings on standard formula: a total must equal the sum of its parts (BV1052)
- Solvency capital requirement - for undertakings on standard formula: rows R0600 to R0690 are not applicable when LAC DT is not used (BV1075)
- Solvency capital requirement - for undertakings on standard formula: a conditional check (BV1077)
Every Solvency II rule on SR.25.01
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.