The item "Subordinated debt" reported in template Own funds should be lower than "Total assets" reported in template Balance sheet (S.02.01, S.23.01, EIOPA rule BV659)

The rule in plain words

What to do if your return fails it

1. 01Open the tables below and find the cells the rule reads.
2. 02Compare the values in your return. If the first is bigger than it may be, one of them is wrong: check both before you change either.
3. 03It runs only when your filing indicators mark S.02.01 and S.23.01 as reported.
4. 04This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it.

The cells it reads

Which returns it applies to

Line4 Check runs it on financial stability group (QFG) return on EIOPA taxonomy 2.10.0. EIOPA applies it to financial stability group (QFG) returns, as a warning.

EIOPA’s own words and formula

In EIOPA’s list of validations, word for word:

The item "Subordinated debt" reported in template S.23.01 - Own funds should be lower than "Total assets" reported in template S.02.01 - Balance sheet.

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.