Item “Issuer Group Code” in List of assets should not be reported for items with CIC like '##71', '##75' or '##9#' (IR.06.02, Bank of England rule IR_bv0597)

The rule in plain words

What to do if your return fails it

1. 01Open the table below and find the cells the rule reads.
2. 02Compare the code or text in your return with the format the rule sets out, character by character, including any prefix and any spaces.
3. 03It runs only when your filing indicators mark IR.06.02 as reported.
4. 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

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:

Item “Issuer Group Code” in IR.06.02.01.02 - List of assets should not be reported for items with CIC like '##71', '##75' or '##9#'.

Other rules on List of assets (IR.06.02)

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.