Line4

1 min readBlockingBank of England taxonomy 2.2.0Updated 11 November 2026

Reinsurance recoverables life excl linked must be consistent between IR.02.01 and IR.12.01 (IR.02.01, IR.12.01, Bank of England rule IR_bv0261_05)

A blocking check on the balance sheet (IR.02.01) and life technical provisions (IR.12.01) templates, in the quarterly solo (QRS) return.

Check your file for this rule

The rule in plain words

Reinsurance recoverables life excl linked must be consistent between IR.02.01 and IR.12.01

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 and IR.12.01 as reported.

The cells it reads

Balance sheet (IR.02.01.02.01)

Row

  • R0315Life and health similar to life, excluding index-linked and unit-linked

Column

  • C0010Solvency II value

Life technical provisions (IR.12.01.02.01)

Row

  • R0080Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default

Columns

  • C0020Index-linked and unit-linked insurance
  • C0070Total life and health

Which returns it applies to

Line4 Check runs it on quarterly solo (QRS) return on Bank of England taxonomy 2.2.0. The Bank of England applies it to quarterly solo (QRS) 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: R0315, c: C0010} = {t: IR.12.01.02.01, r: R0080, c: C0070} - {t: IR.12.01.02.01, r: R0080, c: C0020}

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.