The rule in plain words
Item cannot be empty
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.01.01 as reported.
The cells it reads
Content of the submission (IR.01.01.05.01)
Rows
- R0010IR.01.02.04 - Basic information - general
- R0030IR.02.01.02 - Balance sheet
- R0122IR.05.03.02 - Life income and expenditure
- R0124IR.05.04.02 - Non-life income, expenditure and business model analysis
- R0140IR.06.02.04 - List of assets
- R0150IR.06.03.01 - Collective investment undertakings - look-through approach
- R0170IR.08.01.04 - Open derivatives
- R0410IR.23.01.04 - Own funds
Column
- C0010c
Which returns it applies to
Line4 Check runs it on quarterly group (QRG) return on Bank of England taxonomy 2.2.0. The Bank of England applies it to quarterly group (QRG) returns, as a blocking check.
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}.
count({t: IR.01.01.05.01, r: R0010; R0030; R0122; R0124; R0140; R0150; R0170; R0410, c: C0010}) = 8Other rules on Content of the submission (IR.01.01)
- Content of the submission: item cannot be empty (IR_bv0718_02)Blocking
- Content of the submission: item cannot be empty (IR_bv0718_04)Blocking
- Content of the submission: item cannot be empty (IR_bv0718_05)Blocking
- Content of the submission: item cannot be empty (IR_bv0718_06)Blocking
- Content of the submission and solvency capital requirement - counterparty default risk: a conditional check (IR_bv0711)
- Content of the submission and solvency capital requirement - market risk: a conditional check (IR_bv0890)
- Content of the submission and basic information - general: a conditional check (IR_bv0898_01)Blocking
- Content of the submission and basic information - general: a conditional check (IR_bv0898_02)Blocking
Every Solvency UK rule on IR.01.01
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.