ILM object &1 is not active in any audit area

What causes this issue?

The archive file to be stored was generated taking the ILM rules into
account, and is to be stored in an ILM store. However, the ILM object
&V1& that belongs to the archive file is not active in any audit area.

System Response

The storage job is aborted.

How to fix this error?

Activate the ILM object &V1& in at least one audit area and repeat the
storage step.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.