The rule in plain words
If a unique value for "Reinsurer LEI" (C0030) is reported in IR.30.08.01 then this unique value must also be present in "Code of the Reinsurer Entity or Collateral Provider, preceded by type of code" (C0010) for columns C0030, C0040, C0050, C0070, and C0080 reported in template IR.30.05.01
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.
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02The check applies only when its first part holds in your return. When it does, the second part must hold too: fix the second part, or correct the first.
- 03It runs only when your filing indicators mark IR.30.05 and IR.30.08 as reported.
- 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Reinsurer and collateral provider entity information (IR.30.05.01.01)
Columns
- C0030Legal name of reinsurer or collateral provider
- C0040Type of reinsurer or collateral provider
- C0050Country of residency
- C0070Name of ECAI
- C0080Internal rating
Life outwards non-proportional reinsurance (IR.30.08.01.01)
Column
- C0100Annual premium
Which returns it applies to
Line4 Check runs it on annual solo (ARS) return on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual solo (ARS) returns, as a blocking check.
The Bank’s own words and formula
The plain words above are the Bank of England’s own, word for word, from its list of validations.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
if not(isNull({t: IR.30.08.01.01, c: C0100, z: Z0001})) then not(isNull({t: IR.30.05.01.01, c: C0030})) and not(isNull({t: IR.30.05.01.01, c: C0040})) and not(isNull({t: IR.30.05.01.01, c: C0050})) and not(isNull({t: IR.30.05.01.01, c: C0070})) and not(isNull({t: IR.30.05.01.01, c: C0080})) else true()Other rules on Reinsurer and collateral provider entity information (IR.30.05)
- Reinsurer and collateral provider entity information and outwards reinsurance balance sheet exposures: a conditional check (IR_bv0059_02)Blocking
- Reinsurer and collateral provider entity information and outwards reinsurance balance sheet exposures: a conditional check (IR_bv0059_03)Blocking
- Reinsurer and collateral provider entity information and life outwards proportional reinsurance: a conditional check (IR_bv0059_05)Blocking
- If "Code of the Reinsurer Entity or Collateral Provider, preceded by type of code" (C0010) is reported then these columns should be reported (IR_bv0060)Blocking
- Reinsurer and collateral provider entity information: a conditional check (IR_bv2639)Blocking
- Reinsurer and collateral provider entity information: the format of a code or text (IR_bv2640)Blocking
Every Solvency UK rule on IR.30.05
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.