The rule in plain words
"Use of undertaking specific parameters" (IR.33.01.04.01 C0150, not a template of this return) does not follow the required pattern: values from 1 to 4
The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Compare the code or text in your return with the format the rule sets out, character by character, including any prefix and any spaces.
- 03This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Insurance and reinsurance individual requirements (IR.33.01.04.01)
Column
- C0150Use of undertaking specific parameters
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
In the Bank of England’s list of validations, word for word:
si1371 doesn't follow imposed pattern: values from 1 to 4.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
matches($v0, "^(1$|1,){0,1}(2$|2,){0,1}(3$|3,){0,1}(4$|4,){0,1}$")Other rules on Insurance and reinsurance individual requirements (IR.33.01)
Every Solvency UK rule on IR.33.01
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.