The rule in plain words
The item "Fund number" in List of assets (S.06.02) should be reported for a portfolio of ring-fenced funds or other internal funds
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs three of them (BV987-1 to BV987-3), and a failure names the one that failed.
This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it. It runs only when your filing indicators mark S.06.02 as reported.
The cells it reads
List of assets: information on positions held (S.06.02.01.01)
Column
- C0060Portfolio
List of assets: information on positions held (S.06.02.04.01)
Column
- C0060Portfolio
List of assets: information on positions held (S.06.02.07.01)
Column
- C0060Portfolio
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS), quarterly group (QRG), quarterly branch (QRB), annual solo (ARS), annual group (ARG), annual branch (ARB) and financial stability group (QFG) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly solo (QRS), annual solo (ARS), financial stability group (QFG), quarterly group (QRG), annual group (ARG), quarterly branch (QRB) and annual branch (ARB) returns, as a warning.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
The item "Fund number" in S.06.02 - List of assets should be reported for a portfolio of ring-fenced funds or other internal funds.
Show the formulaShowHide
EIOPA's formula, for BV987-1. Cells are written as {t: table, r: row, c: column}.
not(isNull(dim({t: S.06.02.01.01, c: C0060, z: Z0001},[s2c_dim:NF])))BV987-2:
not(isNull(dim({t: S.06.02.04.01, c: C0060, z: Z0001},[s2c_dim:NF])))BV987-3:
not(isNull(dim({t: S.06.02.07.01, c: C0060, z: Z0001},[s2c_dim:NF])))Other rules on List of assets (S.06.02)
- List of assets: a cell must be reported (BV985)
- List of assets: a value must not be negative (BV989)
- The item "Duration" in List of assets must not be reported for assets with CIC codes ##3#', '##7#', '##8#', '##9#' (BV984)Blocking
- The item "Item title" in List of assets should not be reported for assets with CIC '##71', '##75' or '##95' (BV983)
- The item "Currency" in List of assets should be reported for assets with CIC different from ' ##75', '##87', '##88' or '##95' (BV982)
- The item "Issuer name" in List of assets should be reported for assets with CIC different from ' ##71', '##75' or '##9#' (BV981)
- List of assets: a cell must be left empty (BV1015)
- The items "Issuer sector" (C0230), in List of assets, should not be reported for CIC '##71' or '##75' or '##9#' (BV956)
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.