You can continue to work but you should execute front-end setup soon

What causes this issue?

You started front-end component '&V1&' , which has an obsolete status.
The version you are using is &V2& and the one available from SAP is at
least version &V3&.

System Response

The version you are using is obsolete and will soon expire and will no
be usable.
Currently you can no longer continue working. Since SAP is currently
correcting errors and improving the stability of front-end components,
you should avoid working with obsolete versions.

How to fix this error?

As soon as possible, run front-end setup, to get at least version &V3&
of component '&V1&'. Your system administrator can tell you how you can
get front-end setup within your company.

Procedure for System Administrators

You can download the latest front-end version in the SAP front-end
version in the SAP Service Marketplace at the Internet address
service.sap.com/patches.

Error message extract from SAP system. Copyright SAP SE.