Content of the submission: if entity uses MAP then template Impact of long term guarantees measures and transitionals has to be reported (IR.01.01, IR.01.02, Bank of England rule IR_bv0909_02)

The rule in plain words

What to do if your return fails it

1. 01Open the tables below and find the cells the rule reads.
2. 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.
3. 03It runs only when your filing indicators mark IR.01.01 and IR.01.02 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 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 uses MAP then template IR.22.01 - Impact of long term guarantees measures and transitionals has to be reported.

Other rules on Content of the submission (IR.01.01)

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.