How To Fix ISSR_MD_ADMIN038 - Stock, LOB, asset type, and PRFL must be maintained in BaFin reporting

SAP Error Message - Details

• Message type: E = Error

• Message class: ISSR_MD_ADMIN - Master Data Management SR Supervision of Ins. Companies Act

• Message number: 038

• Message text: Stock, LOB, asset type, and PRFL must be maintained in BaFin reporting

What causes this issue?

Some mandatory master data fields must be maintained for BaFin statutory
reporting and should also be declared as required entry fields in
Customizing activity <DS:SIMG.ISSR_TA_ADMIN_FCNTL>Master Data ->Field
Control</>.
These are the BaFin stock indicator, insurance line of business, and
asset type fields in the basic data and the PRF identifier field in the
premium reserve fund. Maintaining these fields ensures that a capital
investment is specified adequately.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Maintain the relevant fields in statutory reporting before you settle a
transaction.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ISSR_MD_ADMIN038 - Stock, LOB, asset type, and PRFL must be maintained in BaFin reporting ?

  The SAP error message ISSR_MD_ADMIN038 indicates that certain mandatory fields related to stock, line of business (LOB), asset type, and PRFL (presumably referring to a specific classification or profile) must be maintained for BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) reporting. This error typically arises in the context of financial services and regulatory reporting within SAP systems, particularly when dealing with compliance and reporting requirements set by the German financial regulatory authority.
  Cause:
  The error occurs when the necessary data for the specified fields is missing or not properly configured in the system. This can happen due to:
  
  Incomplete Master Data: The relevant master data for the financial instruments or assets may not have been fully maintained.
  Configuration Issues: The system may not be configured correctly to capture the required data for BaFin reporting.
  Data Migration Issues: If data was migrated from another system, some required fields may not have been populated correctly.
  User Input Errors: Users may have overlooked entering the necessary information when creating or updating records.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Master Data: 
  
  Navigate to the relevant master data records (e.g., financial instruments, assets) and ensure that the fields for stock, LOB, asset type, and PRFL are filled in correctly.
  Ensure that the data is consistent and adheres to the required formats.
  
  
  
  Review Configuration:
  
  Verify that the configuration settings for BaFin reporting in your SAP system are correctly set up. This may involve checking the settings in the Financial Services module or the specific reporting tools used.
  Consult with your SAP Basis or configuration team to ensure that all necessary settings are in place.
  
  
  
  Data Validation:
  
  Use any available data validation tools or reports within SAP to identify missing or incorrect data entries.
  Run reports that highlight compliance issues or missing data for BaFin reporting.
  
  
  
  User Training:
  
  Ensure that users responsible for entering or maintaining this data are trained on the importance of these fields and how to correctly input the required information.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to BaFin reporting for any specific requirements or updates that may affect how data should be maintained.
  
  
  
  Engage Support:
  
  If the issue persists, consider reaching out to SAP support or your internal IT support team for further assistance. They may provide insights or patches that address the issue.
  
  
  
  Related Information:
  
  BaFin Reporting: Understand the specific requirements set by BaFin for financial reporting, as these can change over time and may have specific guidelines for different types of financial instruments.
  SAP Notes: Check for any relevant SAP Notes that may address this error or provide additional guidance on maintaining the required data.
  Regulatory Compliance: Stay updated on any changes in regulatory requirements that may impact how data is reported to BaFin.
  
  By ensuring that all required fields are properly maintained and configured, you should be able to resolve the ISSR_MD_ADMIN038 error and successfully complete your BaFin reporting.