The rule in plain words
If entity reports by RFF or uses MAP then Content of the submission (IRR.01.01) [RFF/MP/RM] has to be reported
What to do if your return fails it
- 01Open the tables 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.01.02 and IRR.01.01 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
Content of the submission (IRR.01.01.04.01)
Rows
- R0790IRR.02.01.01 - Balance sheet
- R0862IRR.25.04.01 - Solvency Capital Requirement
Column
- C0010c
Basic information - general (IR.01.02.04.01)
Rows
- R0150Ring-fenced funds
- R0170Matching adjustment
Column
- C0010c
Which returns it applies to
Line4 Check runs it on annual group (ARG) return on Bank of England taxonomy 2.2.0. The Bank of England applies it to 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:
If entity reports by RFF or uses MAP then IRR.01.01 - Content of the submission [RFF/MP/RM] has to be reported.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
if ({t: IR.01.02.04.01, r: R0150, c: C0010} = $[s2c_PU:x4] or {t: IR.01.02.04.01, r: R0170, c: C0010} = $[s2c_PU:x51]) then not(isNull({t: IRR.01.01.04.01, r: R0790, c: C0010, z: Z0001})) and not(isNull({t: IRR.01.01.04.01, r: R0862, c: C0010, z: Z0001})) else true()Other rules on Content of the submission (IRR.01.01)
- If entity reports by RFF or uses MAP then Content of the submission [RFF/MP/RM] has to be reported (IR_bv0908_01)Blocking
- If entity reports by RFF or uses MAP then Content of the submission [RFF/MP/RM] has to be reported (IR_bv0908_03)Blocking
- The item "Total assets" reported in Balance sheet [RFF/MP/RM] should be equal to the sum of the different items reported above (IR_bv0905)Blocking
- Content of the submission and balance sheet: a conditional check (IR_bv0897_01)Blocking
- Content of the submission and balance sheet: a conditional check (IR_bv0897_02)Blocking
- Content of the submission and balance sheet: a conditional check (IR_bv0897_03)Blocking
- Content of the submission and balance sheet: a conditional check (IR_bv0896_01)Blocking
- Content of the submission and balance sheet: a conditional check (IR_bv0896_02)Blocking
Every Solvency UK rule on IRR.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.
