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

ISSR_MD_ADMIN038 - Overview

• 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