Line4

1 min readBlockingBank of England taxonomy 2.2.0Updated 11 November 2026

Balance sheet: technical provisions - total = best estimate + risk margin - TMTP (IR.02.01, Bank of England rule IR_bv0244_02)

A blocking check on the balance sheet template (IR.02.01), in the quarterly solo (QRS) and quarterly group (QRG) returns.

Check your file for this rule

The rule in plain words

Technical provisions - total = best estimate + risk margin - TMTP

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.02.01 as reported.

The cells it reads

Balance sheet (IR.02.01.02.01)

Rows

  • R0505Technical provisions - total
  • R0542Best estimate - total
  • R0552Risk margin - total
  • R0565Transitional (TMTP) - life

Column

  • C0010Solvency II value

Which returns it applies to

Line4 Check runs it on quarterly solo (QRS) and quarterly group (QRG) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to quarterly solo (QRS) and quarterly group (QRG) 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 formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: IR.02.01.02.01, r: R0505, c: C0010} = sum({t: IR.02.01.02.01, r: R0542; R0552, c: C0010}) - {t: IR.02.01.02.01, r: R0565, c: C0010}

Every Solvency UK rule on IR.02.01

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.