The rule in plain words
Item reported in Basic Information - General (IR.01.02.07.01) 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.01.02.07.01)
Rows
- R0010Entity name
- R0015Third country branch name
- R0025Entity identification code and type of code
- R0045Type of undertaking
- R0052Country of incorporation
- R0055Country of the group supervisor
- R0070Language of reporting
- R0080Reporting submission date
- R0081Financial year end
- R0090Reporting reference date
- R0100Regular/Ad-hoc submission
- R0110Currency used for reporting
- R0120Accounting standards
- R0150Ring-fenced funds
- R0170Matching adjustment
- R0210Initial submission or re-submission
Column
- C0010c
Which returns it applies to
Line4 Check runs it on annual third-country branch (ARB) return on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual third-country branch (ARB) 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.01.02.07.01 - 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.01.02.07.01, r: R0010; R0015; R0025; R0045; R0052; R0055; R0070; R0080; R0081; R0090; R0100; R0110; R0120; R0150; R0170; R0210, c: C0010}) = 16Other rules on Basic information - general (IR.01.02)
- Item reported in Basic Information - general cannot be empty (IR_bv0177)Blocking
- Items reported in Basic information - general, cannot be empty (IR_bv0176)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.