The rule in plain words
The item "Temporary identifier for currency 2" must not be reported
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02Check the coded value in this cell against the one the rule allows.
- 03This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Business model analysis - financial guarantee insurers: exposures (IR.05.07.01.01)
Column
- C0240Currency
List of assets - information on assets (IR.06.02.01.02)
Column
- C0280Currency
List of assets - information on assets (IR.06.02.04.02)
Column
- C0280Currency
Open derivatives - information on derivatives (IR.08.01.01.02)
Column
- C0370Currency
Open derivatives - information on derivatives (IR.08.01.04.02)
Column
- C0370Currency
Assets held as collateral - information on assets (IR.11.01.01.02)
Column
- C0240Currency
Assets held as collateral - information on assets (IR.11.01.04.02)
Column
- C0240Currency
Non-life underwriting risks (IR.21.02.01.01)
Column
- C0080Currency
List of items on own funds: subordinated MMA (IR.23.04.01.01)
Column
- C0040Currency Code
List of items on own funds: equity- and liability-accounted subordinated instruments (IR.23.04.01.03)
Column
- C0300Currency Code
List of items on own funds: items approved by supervisory authority as basic own funds (IR.23.04.01.04)
Column
- C0470Currency Code
List of items on own funds: subordinated MMA (IR.23.04.04.01)
Column
- C0040Currency Code
List of items on own funds: equity- and liability-accounted subordinated instruments (IR.23.04.04.03)
Column
- C0300Currency Code
List of items on own funds: items approved by supervisory authority as basic own funds (IR.23.04.04.04)
Column
- C0470Currency Code
IGT - equity-type transactions, debt and asset transfer (IR.36.01.01.01)
Column
- C0130Currency of transaction
IGT - derivatives (IR.36.02.01.01)
Column
- C0130Currency
IGT - cost sharing, contingent liabilities, off BS and other items (IR.36.04.01.01)
Column
- C0120Currency of transaction
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 List of assets (IR.06.02)
- The item "Temporary identifier for currency 1" must not be reported (IR_bv1668)Blocking
- The item "Temporary identifier for currency 3" must not be reported (IR_bv1670)Blocking
- List of assets: the first two letters are not valid ISO3166 country code (IR_bv1672)Blocking
- List of assets: the first two letters are not valid ISO3166 country code (IR_bv1673)Blocking
- List of assets and 3 other templates: the format of a code or text (IR_bv1686)Blocking
- The item "Temporary identifier for country 1" must not be reported (IR_bv1690)Blocking
- The item "Temporary identifier for country 2" must not be reported (IR_bv1691)Blocking
- The item "Temporary identifier for country 3" must not be reported (IR_bv1692)Blocking
Every Solvency UK rule on IR.06.02
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.