The rule in plain words
The item "Impact of all LTG measures and transitionals" reported in Impact of long-term guarantees measures and transitionals (S.22.01) must be equal to the difference between the value of "Without matching adjustment and without all the others" and the value of "Amount with LTG measures and transitionals"
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 (BV66-1 and BV66-2), 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.22.01 as reported.
The cells it reads
Balance sheet (S.02.01.01.01)
Row
- R1000Excess of assets over liabilities
Column
- C0010Solvency II value
Balance sheet (S.02.01.07.01)
Row
- R1000Excess of assets over liabilities
Column
- C0010Solvency II value
Impact of long-term guarantees measures and transitionals (S.22.01.01.01)
Rows
- R0010Technical provisions
- R0020Basic own funds
- R0030Excess of assets over liabilities
- R0040Restricted own funds due to ring-fencing and matching portfolio
- R0050Eligible own funds to meet Solvency Capital Requirement
- R0060Tier 1
- R0070Tier 2
- R0080Tier 3
- R0090Solvency Capital Requirement
- R0100Eligible own funds to meet Minimum Capital Requirement
- R0110Minimum Capital Requirement
Columns
- C0010Amount with Long Term Guarantee measures and transitionals
- C0080Without matching adjustment and without all the others
- C0100Impact of all LTG measures and transitionals
Impact of long-term guarantees measures and transitionals (S.22.01.04.01)
Rows
- R0010Technical provisions
- R0020Basic own funds
- R0030Excess of assets over liabilities
- R0040Restricted own funds due to ring-fencing and matching portfolio
- R0050Eligible own funds to meet Solvency Capital Requirement
- R0060Tier 1
- R0070Tier 2
- R0080Tier 3
- R0090Solvency Capital Requirement
Columns
- C0010Amount with Long Term Guarantee measures and transitionals
- C0080Without matching adjustment and without all the others
- C0100Impact of all LTG measures and transitionals
Own funds (S.23.01.01.01)
Rows
- R0290Total basic own funds after deductions
- R0540Total eligible own funds to meet the SCR
- R0550Total eligible own funds to meet the MCR
- R0580SCR
- R0600MCR
Columns
- C0010Total
- C0040Tier 2
- C0050Tier 3
Own funds: reconciliation reserve (S.23.01.01.02)
Row
- R0700Excess of assets over liabilities
Column
- C0060Value
Own funds (S.23.01.04.01)
Rows
- R0660Total eligible own funds to meet the total group SCR (including own funds from other financial sectors and own funds from undertakings included via D&A method)
- R0680Total Group SCR (including CR for other financial sectors and SCR for undertakings included via D&A method)
Columns
- C0010Total
- C0040Tier 2
- C0050Tier 3
Own funds (S.23.01.07.01)
Rows
- R0290Total basic own funds after deductions
- R0540Total eligible own funds to meet the SCR
- R0550Total eligible own funds to meet the MCR
- R0580SCR
- R0600MCR
Columns
- C0010Total
- C0040Tier 2
- C0050Tier 3
Own funds: reconciliation reserve (S.23.01.07.02)
Row
- R0700Excess of assets over liabilities
Column
- C0060Value
Minimum capital requirement - only life or only non-life insurance or reinsurance activity: overall MCR calculation (S.28.01.01.05)
Row
- R0400Minimum Capital Requirement
Column
- C0070Value
Minimum capital requirement - both life and non-life insurance activity: overall MCR calculation (S.28.02.01.05)
Row
- R0400Minimum Capital Requirement
Column
- C0130Value
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:
The item "Impact of all LTG measures and transitionals" reported in S.22.01 - Impact of long-term guarantees measures and transitionals must be equal to the difference between the value of "Without matching adjustment and without all the others" and the value of "Amount with LTG measures and transitionals".
Show the formulaShowHide
EIOPA's formula, for BV66-1. Cells are written as {t: table, r: row, c: column}.
{t: S.22.01.01.01, c: C0100, z: Z0001} = {t: S.22.01.01.01, c: C0080, z: Z0001} - {t: S.22.01.01.01, c: C0010, z: Z0001}BV66-2:
{t: S.22.01.04.01, c: C0100, z: Z0001} = {t: S.22.01.04.01, c: C0080, z: Z0001} - {t: S.22.01.04.01, c: C0010, z: Z0001}Other rules on Balance sheet (S.02.01)
- Balance sheet and liabilities by currency: a total must equal the sum of its parts (BV61)Blocking
- Balance sheet and liabilities by currency: a total must equal the sum of its parts (BV82)Blocking
- Balance sheet and liabilities by currency: a total must equal the sum of its parts (BV104)Blocking
- Balance sheet and life and health SLT technical provisions: values must agree (BV24)Blocking
- Balance sheet and liabilities by currency: a total must equal the sum of its parts (BV125)Blocking
- Balance sheet and list of assets: a total must equal the sum of its parts (BV135)Blocking
- Balance sheet and 2 other templates: a total must equal the sum of its parts (BV137)Blocking
- Balance sheet and 2 other templates: a total must equal the sum of its parts (BV138)Blocking
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.