The rule in plain words
The item "Maturity date" in List of assets (IR.06.02.01.02) should be reported for assets with CIC '##1#', '##2#', '##5#', '##6#', '##74', '##79' or '##8#'
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Compare the code or text in your return with the format the rule sets out, character by character, including any prefix and any spaces.
- 03It runs only when your filing indicators mark IR.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 (IR.06.02.01.02)
Columns
- C0290CIC
- C0390Maturity date
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS) and annual solo (ARS) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to quarterly solo (QRS) and annual solo (ARS) returns, as a warning.
The Bank’s own words and formula
In the Bank of England’s list of validations, word for word:
The item "Maturity date" in IR.06.02.01.02 - List of assets should be reported for assets with CIC '##1#', '##2#', '##5#', '##6#', '##74', '##79' or '##8#'.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
if matches({t: IR.06.02.01.02, c: C0290, z: Z0001}, "^..((1.)|(2.)|(5.)|(6.)|(74)|(79)|(8.))$") then not(isNull({t: IR.06.02.01.02, c: C0390, z: Z0001})) else true()Other rules on List of assets (IR.06.02)
- The item "Maturity date" in List of assets should be reported for assets with CIC '##1#', '##2#', '##5#', '##6#', '##74', '##79' or '##8#' (IR_bv0179_02)
- List of assets: a value must not be negative (IR_bv0513_01)
- List of assets: a value must not be negative (IR_bv0513_02)
- Items “Unit Solvency II price” and “Unit percentage of par amount Solvency II price” in List of assets should not be reported simultaneously (IR_bv0519_02)Blocking
- Items “Unit Solvency II price” and “Unit percentage of par amount Solvency II price” in List of assets should not be reported simultaneously (IR_bv0519_03)Blocking
- The item "Item title" in List of assets should be reported for assets with CIC different from' ##71', '##75' or '##95' (IR_bv0521_01)Blocking
- The item "Item title" in List of assets should be reported for assets with CIC different from' ##71', '##75' or '##95' (IR_bv0521_02)Blocking
- The item "Par amount" in List of assets, should be positive (IR_bv0524_01)
Every Solvency UK rule on IR.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.