If Impact of long term guarantees measures and transitionals is reported then rows r0010, r0020, r0050 and r0100 have to be different from 0 (IR.01.01, IR.02.01, IR.22.01 and others, Bank of England rule IR_bv1734)

The rule in plain words

What to do if your return fails it

1. 01Open the tables below and find the cells the rule reads.
2. 02The check applies only when its first part holds in your return. When it does, the second part must hold too: fix the second part, or correct the first.
3. 03It runs only when your filing indicators mark IR.01.01 and IR.22.01 as reported.
4. 04This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it.

The cells it reads

Which returns it applies to

Line4 Check runs it on annual solo (ARS) return on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual solo (ARS) returns, as a warning.

The Bank’s own words and formula

In the Bank of England’s list of validations, word for word:

If IR.22.01 - Impact of long term guarantees measures and transitionals is reported then rows r0010, r0020, r0050 and r0100 have to be different from 0.

Other rules on Content of the submission (IR.01.01)

Every Solvency UK rule on IR.01.01

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.