RR05 Reason Code: Regulatory Information Invalid
Written and maintained by ZagTrader. Last reviewed . How this page is sourced and checked
RR05 means regulatory information invalid in the ISO 20022 return reason code set. Regulatory or central bank reporting information is missing, incomplete or invalid, for example a purpose or balance-of-payments code required in the destination country.
- Code
- RR05
- ISO name
- RegulatoryInformationInvalid
- Status
- Registered
- Last updated
- 2021-08-31
Official definition
Regulatory or Central Bank Reporting information missing, incomplete or invalid.
What it means in practice
In a pacs.004 payment return, a return reason code explains why funds that were already settled are being sent back. It sits in TxInf/RtrRsnInf/Rsn/Cd, and bank statements (camt.053, camt.054) repeat it in RtrInf/Rsn/Cd.
Regulatory or central bank reporting information is missing, incomplete or invalid, for example a purpose or balance-of-payments code required in the destination country.
What to do
- Check the destination country's reporting rules and fill
RgltryRptg(MT field 77B) as required.
Messages and fields that use ExternalReturnReason1Code
| Message | Element path |
|---|---|
| pacs.004 | TxInf/RtrRsnInf/Rsn/Cd, OrgnlGrpInf/RtrRsnInf/Rsn/Cd |
| camt.053 | Stmt/Ntry/NtryDtls/TxDtls/RtrInf/Rsn/Cd |
| camt.054 | Ntfctn/Ntry/NtryDtls/TxDtls/RtrInf/Rsn/Cd |
| camt.052 | Rpt/Ntry/NtryDtls/TxDtls/RtrInf/Rsn/Cd |
| trck.001 | TrckrStsAndTx/Tx/RjctRtrRsn/Rsn/Cd, TrckrStsAndTx/TxSts/RjctRtrRsn/Rsn/Cd |
| trck.002 | TrckrStsAndTx/Tx/RjctRtrRsn/Rsn/Cd, TrckrStsAndTx/TxSts/RjctRtrRsn/Rsn/Cd |
| trck.004 | TrckrStsAndTx/Tx/RjctRtrRsn/Rsn/Cd, TrckrStsAndTx/TxSts/RjctRtrRsn/Rsn/Cd |
RR05 in other code sets
RR05 questions
- What does RR05 mean in ISO 20022?
- RR05 is Regulatory Information Invalid in the ExternalReturnReason1Code code set: Regulatory or Central Bank Reporting information missing, incomplete or invalid.
- What should I do when I get RR05?
- Check the destination country's reporting rules and fill RgltryRptg (MT field 77B) as required.
- Where does RR05 appear in a message?
- For example in pacs.004, element TxInf/RtrRsnInf/Rsn/Cd.
All ExternalReturnReason1Code codes · ISO 20022 code sets
The ISO 20022 code names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.