The rule in plain words
Items “Unit Solvency II price” and “Unit percentage of par amount Solvency II price” in List of assets (IR.06.02.01.02) should not be reported simultaneously
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.06.02 as reported.
The cells it reads
List of assets - information on assets (IR.06.02.01.02)
Columns
- C0370Unit Solvency II price
- C0380Unit percentage of par amount Solvency II price
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 blocking check.
The Bank’s own words and formula
In the Bank of England’s list of validations, word for word:
Items “Unit Solvency II price” and “Unit percentage of par amount Solvency II price” in IR.06.02.01.02 - List of assets should not be reported simultaneously.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
not(not(isNull({t: IR.06.02.01.02, c: C0370, z: Z0001})) and not(isNull({t: IR.06.02.01.02, c: C0380, z: Z0001})))Other rules on List of assets (IR.06.02)
- 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_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)
- The item "Par amount" in List of assets, should be positive (IR_bv0524_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)
- The item "Duration" in List of assets should be reported for assets with CIC ##1#, ##2#, ##5#, ##6# or when applicable CIC##4# (IR_bv0525_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.