Line4

1 min readBlockingBank of England taxonomy 2.2.0Updated 11 November 2026

The item "Temporary identifier for currency 3" must not be reported (IR.22.04, Bank of England rule IR_bv1660)

A blocking check on the information on the transitional on interest rates calculation template (IR.22.04), in the quarterly solo (QRS), quarterly group (QRG), annual solo (ARS), annual group (ARG) and annual third-country branch (ARB) returns.

Check your file for this ruleWhat to do if it fails

The rule in plain words

The item "Temporary identifier for currency 3" must not be reported

What to do if your return fails it

  1. 01Open the tables below and find the cells the rule reads.
  2. 02Remove the value from this cell where the rule applies. A 0 is a value too, so leave the cell out of the return altogether.
  3. 03This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Information on the transitional on interest rates calculation: overall calculation of the transitional adjustment (IR.22.04.01.01)

Rows

  • R0010Solvency I Interest rate
  • R0020Annual effective rate
  • R0030Portion of the difference applied at the reporting date
  • R0040Adjustment to risk free rate

Column

  • C0010Adjustment to risk free rate

Information on the transitional on interest rates calculation: solvency I interest rate (IR.22.04.01.02)

Rows

  • R0100Up to 0.5 per cent
  • R0110Above 0.5% and up to 1.0%
  • R0120Above 1.0% and up to 1.5%
  • R0130Above 1.5% and up to 2.0%
  • R0140Above 2.0% and up to 2.5%
  • R0150Above 2.5% and up to 3.0%
  • R0160Above 3.0% and up to 4.0%
  • R0170Above 4.0% and up to 5.0%
  • R0180Above 5.0% and up to 6.0%
  • R0190Above 6.0% and up to 7.0%
  • R0200Above 7.0% and up to 8.0%
  • R0210Above 8.0%

Columns

  • C0020Best estimate
  • C0030Average duration of insurance and reinsurance obligations

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 formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

if not(isNull($v0)) then false() else true()

Every Solvency UK rule on IR.22.04

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.