The rule in plain words
For the Annuities information (IR.16.01.01.02), when the 'Line of Business'(Z0010) reported is "Total all lines of business", the 'Currency'(Z0030) reported must be "Total/NA"
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.16.01 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 annuities information (IR.16.01.01.02)
Rows
- R0040Prior years
- R0050N-14
- R0060N-13
- R0070N-12
- R0080N-11
- R0090N-10
- R0100N-9
- R0110N-8
- R0120N-7
- R0130N-6
- R0140N-5
- R0150N-4
- R0160N-3
- R0170N-2
- R0180N-1
- R0190N
- R0200Total
Columns
- C0013RBNS as at the last QE prior to claim being designated as a non-life annuity claim
- C0014Lump sum paid or payable upon claim being designated a non-life annuity claim
- C0015Undiscounted annuity claims provisions established upon claim being designated a non-life annuity claim
- C0017Annuity payments paid from when claim first designated a non-life annuity claim until end of year N
- C0018Undiscounted annuity claims provisions established upon claim being designated a non-life annuity claim
- C0019Undiscounted annuity claims provisions at the end of year N
- C0020Undiscounted annuity claims provisions at the start of year N
- C0040Annuity payments paid during year N
- C0050Undiscounted annuity claims provisions at the end of year N
- C0060Number of annuities obligations at the end of year N
- C0070Best Estimate for annuity claims provisions at the end of year N (discounted basis)
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 count({t: IR.16.01.01.02, r: R0040; R0050; R0060; R0070; R0080; R0090; R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200, c: C0013; C0014; C0015; C0017; C0018; C0019; C0020; C0040; C0050; C0060; C0070, z: Z0001, filter: [s2c_dim:RB] = [s2c_LB:x0] and [s2c_dim:AF] = [s2c_CA:x0]}) >= 1 then count({t: IR.16.01.01.02, r: R0040; R0050; R0060; R0070; R0080; R0090; R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200, c: C0013; C0014; C0015; C0017; C0018; C0019; C0020; C0040; C0050; C0060; C0070, z: Z0001, filter: [s2c_dim:OC] = [s2c_CU:x0]}) >= 1 else true()Other rules on Non-life annuities information (IR.16.01)
- Non-life annuities information: a conditional check (IR_bv3029)Blocking
- Non-life annuities information: the total of all annuities should equal the sum of those annuities over N years (IR_bv2217)Blocking
- Non-life annuities information and 2 other templates: values must agree (IR_bv1707)Blocking
Every Solvency UK rule on IR.16.01
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.