The rule in plain words
The item "Duration" in List of assets (S.06.02) should be reported for assets with CIC ##1#, ##2#, ##5#, ##6# or when applicable CIC##4#
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs three of them (BV789-2 to BV789-5), and a failure names the one that failed.
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02Report a value in this cell where the rule applies. A 0 counts as reported; a cell left out of the return does not.
- 03It runs only when your filing indicators mark S.06.02 as reported.
- 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
List of assets: information on assets (S.06.02.01.02)
Columns
- C0290CIC
- C0360Duration
List of assets: information on assets (S.06.02.04.02)
Columns
- C0290CIC
- C0360Duration
List of assets: information on assets (S.06.02.07.02)
Columns
- C0290CIC
- C0360Duration
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS), quarterly group (QRG) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly branch (QRB), annual branch (ARB), financial stability group (QFG), quarterly group (QRG), annual group (ARG), quarterly solo (QRS) and annual solo (ARS) returns, as a warning.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
The item "Duration" in S.06.02 - List of assets should be reported for assets with CIC ##1#, ##2#, ##5#, ##6# or when applicable CIC##4#.
Show the formulaShowHide
EIOPA's formula, for BV789-5. Cells are written as {t: table, r: row, c: column}.
not(isNull({t: S.06.02.01.02, c: C0360, z: Z0001}))BV789-2:
not(isNull({t: S.06.02.07.02, c: C0360, z: Z0001}))BV789-3:
not(isNull({t: S.06.02.04.02, c: C0360, z: Z0001}))Other rules on List of assets (S.06.02)
- The item "Item title" in List of assets must be reported for assets with CIC different from' ##71', '##75' or '##95' (BV788)Blocking
- Items “Unit Solvency II price” and “Unit percentage of par amount Solvency II price” in List of assets must not be reported simultaneously (BV787)Blocking
- The item "CIC" reported in List of assets is not valid (BV791)Blocking
- List of assets: a cell must be left empty (BV786)Blocking
- List of assets: a cell must be reported (BV792)
- List of assets: a conditional check (BV785)Blocking
- The item "Acquisition value" in List of assets should not be reported in case of CIC 7 and CIC 8 (BV782)
- List of assets: a conditional check (BV781)Blocking
Every Solvency II rule on S.06.02
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.
