You are not authorized to maintain period locks

What causes this issue?

You are not authorized to maintain period locks.

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?

Obtain authorization for:
Authorization object...: &V1&
Authorization class....: &V2&
Activity...............: &V3&

Error message extract from SAP system. Copyright SAP SE.