The rule in plain words
First three characters of IR.14.01 product code must be a three digit number in range 100-999
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
Life obligations analysis (IR.14.01.01.01)
Columns
- C0030Line of business
- C0040Number of contracts at end of year
- C0050Number of new contracts during year
- C0060Written premiums
- C0070Claims paid
- C0080Country
- C0180Best estimate
- C0190Capital at risk
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
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}.
matches(dim($v0,$[s2c_dim:IP]), "^[1-9]{1}[0-9]{2}")Other rules on Life obligations analysis (IR.14.01)
- First three characters of IR.14.01, C0010 are a three digit number in range 100-999 (IR_bv2482)Blocking
- Life obligations analysis: a conditional check (IR_bv0873)
- The item "number of new contracts during year" reported in table Life obligations analysis should be positive (IR_bv0509)Blocking
- The item "number of contracts at the end of the year" reported in table Life obligations analysis should be positive (IR_bv0508)Blocking
Every Solvency UK rule on IR.14.01
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.