The rule in plain words
In Z0020, only hierarchy options 1-3 only apply to individual entities and third country branches. Options 4-5 only apply to groups
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 IRR.01.01 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
Content of the submission (IRR.01.01.01.01)
Rows
- R0790IRR.02.01.01 - Balance sheet
- R0792IRR.05.03.01 - Life income and expenditure
- R0800IRR.12.01.01 - Life technical provisions
- R0802IRR.12.05.01 - With-profits value of bonus
- R0804IRR.12.06.01 - With-profits liabilities and assets
- R0810IRR.17.01.01 - Non-life technical provisions
- R0830IRR.22.03.01 - Matching adjustment calculation
- R0862IRR.25.04.01 - Solvency Capital Requirement
- R0864IRR.25.05.01 - Solvency Capital Requirement - Partial or full internal model components
- R0870IRR.26.01.01 - Solvency Capital Requirement - Market risk
- R0880IRR.26.02.01 - Solvency Capital Requirement - Counterparty default risk
- R0890IRR.26.03.01 - Solvency Capital Requirement - Life underwriting risk
- R0900IRR.26.04.01 - Solvency Capital Requirement - Health underwriting risk
- R0910IRR.26.05.01 - Solvency Capital Requirement - Non-Life underwriting risk
- R0920IRR.26.06.01 - Solvency Capital Requirement - Operational risk
- R0930IRR.26.07.01 - Solvency Capital Requirement - Simplifications
- R0940IRR.27.01.01 - Solvency Capital Requirement - Non-life and health catastrophe risk
Column
- C0010c
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 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: IRR.01.01.01.01, r: R0790; R0792; R0800; R0802; R0804; R0810; R0830; R0862; R0864; R0870; R0880; R0890; R0900; R0910; R0920; R0930; R0940, c: C0010, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x96] or [s2c_dim:PO] = [s2c_PU:x53] or [s2c_dim:PO] = [boec_s2c_PU:b5] or [s2c_dim:PO] = [boec_s2c_PU:b251] or [s2c_dim:PO] = [boec_s2c_PU:b252]}) >= 1 then count({t: IRR.01.01.01.01, r: R0790; R0792; R0800; R0802; R0804; R0810; R0830; R0862; R0864; R0870; R0880; R0890; R0900; R0910; R0920; R0930; R0940, c: C0010, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x96] or [s2c_dim:PO] = [s2c_PU:x53] or [s2c_dim:PO] = [boec_s2c_PU:b5]}) >= 1 else true()Other rules on Content of the submission (IRR.01.01)
- Content of the submission: a conditional check (IR_bv3039_02)Blocking
- Content of the submission: a conditional check (IR_bv3039_03)Blocking
- Content of the submission and 2 other templates: a conditional check (IR_bv1750)
- Content of the submission: item cannot be empty (IR_bv1726_01)
- Content of the submission: item cannot be empty (IR_bv1726_02)
- Content of the submission: item cannot be empty (IR_bv1726_03)
- Content of the submission and solvency capital requirement - operational risk: a conditional check (IR_bv1226)Blocking
- Content of the submission and solvency capital requirement - operational risk: a conditional check (IR_bv1225)Blocking
Every Solvency UK rule on IRR.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.