The rule in plain words
For RFF/MAP a fund number must be reported in Solvency Capital Requirement - Simplifications (IRR.26.07) [RFF/MP/RM]
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 IRR.26.07 as reported.
The cells it reads
Solvency capital requirement - simplifications - market risk - market risk concentrations (IRR.26.07.01.05)
Row
- R0300Debt portfolio share
Column
- C0300c
Which returns it applies to
Line4 Check runs it on annual solo (ARS) return on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual solo (ARS) returns, as a blocking check.
The Bank’s own words and formula
In the Bank of England’s list of validations, word for word:
For RFF/MAP a fund number must be reported in IRR.26.07 - Solvency Capital Requirement - Simplifications [RFF/MP/RM].
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
not(isNull({t: IRR.26.07.01.05, r: R0300, c: C0300, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x96] or [s2c_dim:PO] = [s2c_PU:x53]}))Other rules on Solvency capital requirement - simplifications (IRR.26.07)
- For RFF/MAP a fund number must be reported in Solvency Capital Requirement - Simplifications [RFF/MP/RM] (IR_bv1621_01_01)Blocking
- For RFF/MAP a fund number must be reported in Solvency Capital Requirement - Simplifications [RFF/MP/RM] (IR_bv1621_01_02)Blocking
- For RFF/MAP a fund number must be reported in Solvency Capital Requirement - Simplifications [RFF/MP/RM] (IR_bv1621_01_03)Blocking
- For RFF/MAP a fund number must be reported in Solvency Capital Requirement - Simplifications [RFF/MP/RM] (IR_bv1621_02)Blocking
- For RFF/MAP a fund number must be reported in Solvency Capital Requirement - Simplifications [RFF/MP/RM] (IR_bv1621_03)Blocking
- For RFF/MAP a fund number must be reported in Solvency Capital Requirement - Simplifications [RFF/MP/RM] (IR_bv1621_04_01)Blocking
- For RFF/MAP a fund number must be reported in Solvency Capital Requirement - Simplifications [RFF/MP/RM] (IR_bv1621_04_02)Blocking
- For RFF/MAP a fund number must be reported in Solvency Capital Requirement - Simplifications [RFF/MP/RM] (IR_bv1621_06_01)Blocking
Every Solvency UK rule on IRR.26.07
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.
