The rule in plain words
The item "Par amount" in List of assets (IR.06.02.01.01), should be positive
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Look for a value below zero in these cells, such as an amount entered as a negative number.
- 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 positions held (IR.06.02.01.01)
Column
- C0140Par amount
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 "Par amount" in IR.06.02.01.01 - List of assets, should be positive.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
{t: IR.06.02.01.01, c: C0140, z: Z0001} >= 0Other rules on List of assets (IR.06.02)
- The item "Par amount" in List of assets, should be positive (IR_bv0524_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)
- 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_02)
- 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
- 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
- List of assets: the format of a code or text (IR_bv0529_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.