Line4

1 min readBlockingBank of England taxonomy 2.2.0Updated 11 November 2026

Reinsurance recoverables life linked must be consistent between IR.02.01 and IR.12.01 (IR.02.01, IR.12.01, Bank of England rule IR_bv0264_02)

A blocking check on the balance sheet (IR.02.01) and life technical provisions (IR.12.01) templates, in the annual third-country branch (ARB) return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

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

What to do if your return fails it

  1. 01Open the tables below and find the cells the rule reads.
  2. 02The two values must be the same. Find which of the two is right, and correct the other one.
  3. 03The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
  4. 04It runs only when your filing indicators mark IR.02.01 and IR.12.01 as reported.
  5. 05This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Balance sheet (IR.02.01.07.01)

Row

  • R0340Life index-linked and unit-linked

Column

  • C0010Solvency II value

Life technical provisions (IR.12.01.01.01)

Row

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

Column

  • C0020Index-linked and unit-linked insurance

A worked example

With simple numbers.

Illustrative values
Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default, Index-linked and unit-linked insurance1,200
What the rule then expects

Life index-linked and unit-linked, Solvency II value must then be 1,200.

1,200Passes
1,300Fails

A file that reports 1,200 passes. One that reports 1,300 fails, by 100.

The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.

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

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.02.01.07.01, r: R0340, c: C0010} = {t: IR.12.01.01.01, 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.