No deregulation data exists for division category &1

What causes this issue?

The deregulation settings fpr division type &v1& are missing in
Customizing.

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 your Customizing settings under <LS>SAP Utilties -> Basic
Settings/Enterprise Structure -> Define Deregulation Settings</>. Select
Process Control in the dialog structure and maintain the Payment
Processing and Service Determination fields for the division categories.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.