The rule in plain words
The item "SCR calculation approach for CIU" in template List of assets (IR.06.02.01.02) should not be reported in case of CIC other than 4
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Compare the code or text in your return with the format the rule sets out, character by character, including any prefix and any spaces.
- 03It runs only when your filing indicators mark IR.06.02 as reported.
- 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
List of assets - information on assets (IR.06.02.01.02)
Columns
- C0290CIC
- C0292SCR calculation approach for CIU
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:
The item "SCR calculation approach for CIU" in template IR.06.02.01.02 - List of assets should not be reported in case of CIC other than 4
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
if not(matches({t: IR.06.02.01.02, c: C0290, z: Z0001}, "^..4.$")) then isNull({t: IR.06.02.01.02, c: C0292, z: Z0001}) else true()Other rules on List of assets (IR.06.02)
- List of assets: the format of a code or text (IR_bv0581_01)
- List of assets: the format of a code or text (IR_bv0581_02)
- Item “Issuer Code” in List of assets should not be reported for items with CIC like '##71', '##75' or '##9#' (IR_bv0585_01)Blocking
- Item “Issuer Code” in List of assets should not be reported for items with CIC like '##71', '##75' or '##9#' (IR_bv0585_02)Blocking
- List of assets: the format of a code or text (IR_bv0578_01)Blocking
- List of assets: the format of a code or text (IR_bv0578_02)Blocking
- The item "Item title" in List of assets should not be reported for assets with CIC '##71', '##75' or '##95' (IR_bv0577_01)
- The item "Item title" in List of assets should not be reported for assets with CIC '##71', '##75' or '##95' (IR_bv0577_02)
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.