The rule in plain words
Each Matching portfolio number reported in IR.06.02 C0080 must be also reported in IR.01.03 C0040, with IR.01.03 RFF/MAP/Remaining part of a fund (C0060) = “Matching Adjustment Portfolios”
The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02The check applies only when its first part holds in your return. When it does, the second part must hold too: fix the second part, or correct the first.
- 03It runs only when your filing indicators mark IR.01.03 and 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
Basic information - RFF and matching adjustment portfolios: list of all RFF/MAP (overlaps allowed) (IR.01.03.04.01)
Column
- C0060Ring-fenced fund, matching adjustment portfolio or remaining part
List of assets - information on positions held (IR.06.02.04.01)
Column
- C0090Asset held in unit linked and index linked contracts
Which returns it applies to
Line4 Check runs it on annual group (ARG) return on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual group (ARG) returns, as a warning.
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 formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
if (not(isNull({t: IR.06.02.04.01, c: C0090, z: Z0001}))) then {t: IR.01.03.04.01, c: C0060} = [s2c_PU:x53] else true()Other rules on Basic information - RFF and matching adjustment portfolios (IR.01.03)
- Basic information - RFF and matching adjustment portfolios and list of assets: a conditional check (IR_bv0550_01)
- There is at least one fund/matching portfolio reported in Table 2 of IR.01.03 that is not reported in Table 1 of IR.01.03 (IR_bv1728_01)Blocking
- There is at least one fund/matching portfolio reported in Table 2 of IR.01.03 that is not reported in Table 1 of IR.01.03 (IR_bv1728_02)Blocking
- Basic information - RFF and matching adjustment portfolios and list of assets: a conditional check (IR_bv1775_01)
- Basic information - RFF and matching adjustment portfolios and list of assets: a conditional check (IR_bv1775_02)
Every Solvency UK rule on IR.01.03
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.