The rule in plain words
For RFF a fund number must be reported in Solvency Capital Requirement - Non-Life underwriting risk (SR.26.05)
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.26.05 as reported.
The cells it reads
Solvency capital requirement - for undertakings on standard formula: basic solvency capital requirement (SR.25.01.01.01)
Row
- R0050Non-life underwriting risk
Column
- C0030Net solvency capital requirement
Solvency capital requirement - for undertakings on standard formula: basic solvency capital requirement (SR.25.01.04.01)
Row
- R0050Non-life underwriting risk
Column
- C0030Net solvency capital requirement
Solvency capital requirement - non-Life underwriting risk: non-life catastrophe risk and total non-life underwriting risk (SR.26.05.01.04)
Rows
- R0500Non-life catastrophe risk
- R0600Diversification within non - life underwriting risk module
- R0700Total non-life underwriting risk
Column
- C0160Solvency capital requirement
Solvency capital requirement - non-life and health catastrophe risk: non-life and health catastrophe risk - summary (SR.27.01.01.01)
Row
- R0210Total Non-life catastrophe risk after diversification
Column
- C0030SCR after risk mitigation
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.26.05 - Solvency Capital Requirement - Non-Life underwriting risk.
Show the formulaShowHide
EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
not(isNull(dim({t: SR.26.05.01.04, r: R0500; R0600; R0700, c: C0160, 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 - Operational risk (BV649)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 - Life underwriting risk (BV583-3)Blocking
- 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
- 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.