The rule in plain words
R0250=r0010-r0200-r0210-r0220-r0230-r0240
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.12.06 as reported.
The cells it reads
With-profits liabilities and assets (IR.12.06.01.01)
Rows
- R0010With-profits benefits reserve
- R0200Government bonds
- R0210Corporate bonds
- R0220Equity
- R0230Property
- R0240Cash
- R0250Other assets
Column
- C0030Amount
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual third-country branch (ARB) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual third-country branch (ARB) and annual solo (ARS) 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}.
{t: IR.12.06.01.01, r: R0250, c: C0030} = {t: IR.12.06.01.01, r: R0010, c: C0030} - {t: IR.12.06.01.01, r: R0200, c: C0030} - {t: IR.12.06.01.01, r: R0210, c: C0030} - {t: IR.12.06.01.01, r: R0220, c: C0030} - {t: IR.12.06.01.01, r: R0230, c: C0030} - {t: IR.12.06.01.01, r: R0240, c: C0030}Other rules on With-profits liabilities and assets (IR.12.06)
- With-profits liabilities and assets: R0010=r0020+r0050 (IR_bv0983)Blocking
- With-profits liabilities and assets: R0020 c0030 >= 0 (IR_bv1071)
- With-profits liabilities and assets: R0060=r0070+r0080+r0090+r0100+r110+r0120-r0130-r0140 (IR_bv1150)Blocking
- With-profits liabilities and assets: R0310=r0060-r0260-r0270-r0280-r0290-r0300 (IR_bv1175)Blocking
Every Solvency UK rule on IR.12.06
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.