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1 min readBlockingBank of England taxonomy 2.2.0Updated 11 November 2026

Own funds and 2 other templates: values must agree (IR.23.01, IR.23.02, IR.23.03, Bank of England rule IR_bv0831)

A blocking check on the own funds (IR.23.01), detailed information by tiers on own funds (IR.23.02) and annual movements on own funds (IR.23.03) templates, in the quarterly group (QRG) and annual group (ARG) returns.

Check your file for this rule

The rule in plain words

The "Total" value of the item reported in column "Total" reported in Own funds (IR.23.01.04.01) should be equal to the sum of the same item of "Tier 1 - restricted", "Tier 2" and "Tier 3"

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.

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.23.01 as reported.

The cells it reads

Own funds (IR.23.01.04.01)

Rows

  • R0050Subordinated mutual member accounts
  • R0060Non-available subordinated mutual member accounts at group level
  • R0090Preference shares
  • R0100Non-available preference shares at group level
  • R0110Share premium account related to preference shares
  • R0120Non-available share premium account related to preference shares at group level
  • R0140Equity- and liability-accounted subordinated instruments
  • R0150Non-available subordinated liabilities at group level

Columns

  • C0010Total
  • C0030Tier 1 - restricted
  • C0040Tier 2
  • C0050Tier 3

Detailed information by tiers on own funds: basic own funds (IR.23.02.04.01)

Rows

  • R0300Total subordinated mutual members accounts
  • R0400Total preference shares
  • R0500Total equity- and liability-accounted subordinated instruments

Columns

  • C0010Total
  • C0040Tier 2
  • C0060Tier 3

Annual movements on own funds: subordinated mutual members accounts - movements in the reporting period (IR.23.03.04.02)

Rows

  • R0320Tier 2
  • R0330Tier 3
  • R0400Total subordinated mutual members accounts

Column

  • C0060Balance c/fwd

Annual movements on own funds: preference shares and related share premium - movements in the reporting period (IR.23.03.04.04)

Rows

  • R0520Tier 2
  • R0530Tier 3
  • R0600Total preference shares
  • R0620Tier 2
  • R0630Tier 3
  • R0700Total

Column

  • C0060Balance c/fwd

Annual movements on own funds: equity- and liability-accounted subordinated instruments - movements in the reporting period (IR.23.03.04.05)

Rows

  • R0720Tier 2
  • R0730Tier 3
  • R0800Total equity- and liability-accounted subordinated instruments

Column

  • C0060Balance c/fwd

Which returns it applies to

Line4 Check runs it on quarterly group (QRG) and annual group (ARG) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to quarterly group (QRG) and annual group (ARG) 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 "Total" value of the item reported in column "Total" reported in IR.23.01.04.01 - Own funds should be equal to the sum of the same item of "Tier 1 - restricted", "Tier 2" and "Tier 3".
Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: IR.23.01.04.01, c: C0010, z: Z0001} = {t: IR.23.01.04.01, c: C0030, z: Z0001} + {t: IR.23.01.04.01, c: C0040, z: Z0001} + {t: IR.23.01.04.01, c: C0050, z: Z0001}

Every Solvency UK rule on IR.23.01

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.