The rule in plain words
If Worldwide is not reported then single region must be reported using its number (e.g. 1 for Africa). If reporting multiple regions, list the numbers in ascending order, separated by commas (e.g. 1, 2)
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.
- 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.
- 03It runs only when your filing indicators mark IR.30.03 as reported.
- 04This 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
- C0420Territorial scope of contract
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}.
if not(matches({t: IR.30.03.01.01, c: C0420, z: Z0001}, "^((8$){1})$")) then matches({t: IR.30.03.01.01, c: C0420, z: Z0001}, "^((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$){0,1})$") else true()Other rules on Non-life outwards reinsurance contract information (IR.30.03)
- Non-life outwards reinsurance contract information: the format of a code or text (IR_bv3010_01)Blocking
- If '1 - cover excludes all catastrophic guarantees' is selected then no other numbers should be entered by the firm in the string (IR_bv3010_02)Blocking
- Non-life outwards reinsurance contract information: the format of a code or text (IR_bv3010_03)Blocking
- Quantity of contracts/surplus/layers in reinsurance program' (C0050) should be more than zero (IR_bv3012)Blocking
- Non-life outwards reinsurance contract information: the format of a code or text (IR_bv3009)Blocking
- Non-life outwards reinsurance contract information: the amount reported should be positive or equal to 0 or -1 (IR_bv2637)Blocking
- Non-life outwards reinsurance contract information and non-life outwards reinsurance contract reinsurer exposures: values must agree (IR_bv2620)Blocking
- Non-life outwards reinsurance contract information and non-life outwards reinsurance contract reinsurer exposures: a conditional check (IR_bv2619)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.
