EIOPA publishes validation rules that all Solvency II submissions must pass. This guide explains the rule categories, how to interpret validation messages, and strategies for resolving errors.
Key Takeaways
- TV rules check technical XBRL compliance
- BV rules check business logic
- Rule IDs help identify specific issues
- Blocking vs warning severity
- Documentation explains each rule
Validation Framework
EIOPA validation includes:
• Technical Validation (TV) - XBRL syntax
• Business Validation (BV) - Data logic
• Filing rules validation
• Cross-template checks
All layers must pass for successful submission.
Technical Validation
TV rules check:
• XBRL 2.1 conformance
• Taxonomy schema compliance
• Context and unit validity
• Dimensional relationships
• Entity and period consistency
TV errors indicate XBRL generation issues.
Business Validation
BV rules verify:
• Cross-cell calculations
• Cross-template consistency
• Data type ranges
• Logical dependencies
• Completeness checks
BV errors require data investigation.
Error Resolution
Resolution approach: 1. Note rule ID (e.g., BV123_01) 2. Review rule documentation 3. Identify affected data points 4. Trace to source data 5. Apply correction 6. Revalidate 7. Document resolution
Best Practices
Validation best practices:
• Validate early and often
• Address errors before warnings
• Document intentional deviations
• Track recurring issues
• Update processes to prevent recurrence
Maintain validation logs for audit purposes.
Checklist
- All TV rules passed
- All BV rules passed
- Warnings reviewed
- Deviations documented
- Resolution log maintained
- Process improvements identified
- Team trained on common errors