The rule in plain words
"Inclusion of catastrophic reinsurance cover" (IR.30.03.01.01 C0100) does not follow the required pattern: values from 1 to 12
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
Non-life outwards reinsurance contract information (IR.30.03.01.01)
Column
- C0100Inclusion of catastrophic reinsurance cover
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual third-country branch (ARB) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual third-country branch (ARB) and annual solo (ARS) returns, as a blocking check.
The Bank’s own words and formula
In the Bank of England’s list of validations, word for word:
si7593 doesn't follow imposed pattern: values from 1 to 12.
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$|12,){0,1}$")Other rules on Non-life outwards reinsurance contract information (IR.30.03)
- The item "Temporary identifier for currency 3" must not be reported (IR_bv1667)Blocking
- The item "Temporary identifier for currency 1" must not be reported (IR_bv1659)Blocking
- The item "Temporary identifier for currency 2" must not be reported (IR_bv1651)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.
