Information on the transitional on interest rates calculation: values must agree (S.22.04, EIOPA rule BV69)

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.22.04 as reported.

The cells it reads

Which returns it applies to

Line4 Check runs it on annual solo (ARS) 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) and annual ECB branch (AEB) returns, as a blocking check.

EIOPA’s own words and formula

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

The item "Adjustment to risk free rate" reported in S.22.04 - Information on the transitional on interest rates calculation must be equal to the "Portion of the difference applied at the reporting date" between the "Solvency I interest rate" and the "Annual effective rate".

Other rules on Information on the transitional on interest rates calculation (S.22.04)

Every Solvency II rule on S.22.04

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.