The rule in plain words
The item "Temporary identifier for currency 2" must not be reported
This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Non-life outwards reinsurance contract information (IR.30.03.01.01)
Column
- C0130Currency
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS), quarterly group (QRG), annual solo (ARS), annual group (ARG) and annual third-country branch (ARB) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to quarterly solo (QRS), annual third-country branch (ARB), annual solo (ARS), quarterly group (QRG) and annual group (ARG) 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}.
$v0 != $[s2c_CU:x6]Other rules on Non-life outwards reinsurance contract information (IR.30.03)
- The item "Temporary identifier for currency 1" must not be reported (IR_bv1659)Blocking
- The item "Temporary identifier for currency 3" must not be reported (IR_bv1667)Blocking
- "Inclusion of catastrophic reinsurance cover" (IR.30.03.01.01 C0100) does not follow the required pattern: values from 1 to 12 (IR_bv1685)Blocking
- Non-life outwards reinsurance contract information and non-life outwards reinsurance contract reinsurer exposures: a conditional check (IR_bv1836_01)Blocking
- Non-life outwards reinsurance contract information and non-life outwards reinsurance contract reinsurer exposures: a conditional check (IR_bv1836_02)Blocking
- Non-life outwards reinsurance contract information and non-life outwards reinsurance contract reinsurer exposures: a total must equal the sum of its parts (IR_bv1886)Blocking
- Non-life outwards reinsurance contract information: a conditional check (IR_bv1889)Blocking
- Non-life outwards reinsurance contract information: the amount reported should be positive or equal to 0 (IR_bv2505)Blocking
Every Solvency UK rule on IR.30.03
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.
