ISO 20022 · Regulatory reporting type
PURPNew Code
Published definition
Regulatory Authority requires or recommends a code or narrative text to identify the purpose of payment in line with the specific requirements of that authority. This type code may refer to information in any element under the same occurrence of “RgltryRptg/Dtls”.
Additional source information
Use case: Purpose of payment required by many regulatory authorities. Driven by corporate demand to provide all regulatory related information in the component “RgltryRptg”, there are use cases to provide purpose of payment information under sub-component “Dtls”, although a market infrastructure may expect it in a different component.
Code set and usage
Regulatory reporting type contains 5 registered codes. Its exact identifier is ExternalRegulatoryReportingType1Code.
Specifies the type of regulatory reporting, as published in an external code set. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.
This code in other sets 2
These share the characters PURP. Their meanings belong to their respective sets.