The rule in plain words
The item "Fund number" in List of assets (IR.06.02.01.01) should be reported for a portfolio of ring-fenced funds or other internal funds
What to do if your return fails it
- 01Open the table 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.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
- C0060Portfolio
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 "Fund number" in IR.06.02.01.01 - List of assets should be reported for a portfolio of ring-fenced funds or other internal funds.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
if {t: IR.06.02.01.01, c: C0060, z: Z0001} = $[s2c_PU:x96] or {t: IR.06.02.01.01, c: C0060, z: Z0001} = $[s2c_PU:x57] then not(isNull(dim({t: IR.06.02.01.01, c: C0060, z: Z0001},$[s2c_dim:NF]))) else true()Other rules on List of assets (IR.06.02)
- The item "Fund number" in List of assets should be reported for a portfolio of ring-fenced funds or other internal funds (IR_bv0730_02)
- List of assets: the format of a code or text (IR_bv0731_01)
- List of assets: the format of a code or text (IR_bv0731_02)
- The item "Currency" in List of assets should be reported for assets with CIC different from ' ##75', '##8#' or '##95' (IR_bv0725_01)Blocking
- The item "Currency" in List of assets should be reported for assets with CIC different from ' ##75', '##8#' or '##95' (IR_bv0725_02)Blocking
- The item "Issuer name" in List of assets should be reported for assets with CIC different from ' ##71', '##75' or '##9#' (IR_bv0724_01)
- The item "Issuer name" in List of assets should be reported for assets with CIC different from ' ##71', '##75' or '##9#' (IR_bv0724_02)
- List of assets: the format of a code or text (IR_bv0736_01)Blocking
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.