The rule in plain words
Item reported in Basic Information - general (IR.01.02.04.01) cannot be empty
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 IR.01.02 as reported.
The cells it reads
Basic information - general (IR.01.02.04.01)
Rows
- R0010Entity name
- R0025Entity identification code and type of code
- R0052Country of incorporation
- R0055Country of the group supervisor
- R0060Sub-group information
- R0070Language of reporting
- R0080Reporting submission date
- R0081Financial year end
- R0090Reporting reference date
- R0100Regular/Ad-hoc submission
- R0110Currency used for reporting
- R0120Accounting standards
- R0130Method of Calculation of the SCR
- R0140Use of group specific parameters
- R0150Ring-fenced funds
- R0160Method of Calculation of the group SCR
- R0170Matching adjustment
- R0180Volatility adjustment
- R0190Transitional measure on the risk-free interest rate
- R0200Transitional measure on technical provisions
- R0210Initial submission or re-submission
- R0250Exemption of reporting ECAI information
Column
- C0010c
Which returns it applies to
Line4 Check runs it on quarterly group (QRG) and annual group (ARG) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to quarterly group (QRG) and annual group (ARG) returns, as a blocking check.
The Bank’s own words and formula
In the Bank of England’s list of validations, word for word:
Item reported in IR.01.02.04.01 - Basic Information - general cannot be empty.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
count({t: IR.01.02.04.01, r: R0010; R0025; R0052; R0055; R0060; R0070; R0080; R0081; R0090; R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200; R0210; R0250, c: C0010}) = 22Other rules on Basic information - general (IR.01.02)
- Items reported in Basic information - general, cannot be empty (IR_bv0176)Blocking
- Item reported in Basic Information - General cannot be empty (IR_bv0178)Blocking
- Basic information - general and list of assets: a conditional check (IR_bv0871_01)
- Basic information - general and list of assets: a conditional check (IR_bv0871_02)
- Basic information - general and impact of long term guarantees measures and transitionals: a conditional check (IR_bv0874_02)
- Basic information - general and impact of long term guarantees measures and transitionals: a conditional check (IR_bv0874_03)
- Basic information - general and impact of long term guarantees measures and transitionals: a conditional check (IR_bv0874_04)
- Basic information - general and impact of long term guarantees measures and transitionals: a conditional check (IR_bv0875_01)
Every Solvency UK rule on IR.01.02
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.