Too many actual versions in CO-OM: &1

What causes this issue?

The versions &V1& are created as actual version in the controlling area
&V2&.

System Response

The actual versions in Overhead Management (CO-OM) are used to
represent various valuations of a transaction within transfer prices. A
maximum of 3 different valuations (legal, group and profit center view)
are possible. However, you have selected more than 3 versions as actual
version.

How to fix this error?

Correct your version settings for controlling area &V2&.

Error message extract from SAP system. Copyright SAP SE.