The rule in plain words
"Use of simplifications" (IR.33.01.04.01 C0160, not a template of this return) does not follow the required pattern: values from 1 to 18
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
- C0160Use of simplifications
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:
si1370 doesn't follow imposed pattern: values from 1 to 18.
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$|4,){0,1}(5$|5,){0,1}(6$|6,){0,1}(7$|7,){0,1}(8$|8,){0,1}(9$|9,){0,1}(10$|10,){0,1}(11$|11,){0,1}(12$|12,){0,1}(13$|13,){0,1}(14$|14,){0,1}(15$|15,){0,1}(16$|16,){0,1}(17$|17,){0,1}(18$|18,){0,1}$")Other rules on Insurance and reinsurance individual requirements (IR.33.01)
- Insurance and reinsurance individual requirements: the format of a code or text (IR_bv1683)Blocking
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.
