Local parameter 'tp_version' set to &

What causes this issue?

This configuration requires the transport control program (tp) to have
at least the version 266.

System Response

The parameter 'tp_version' is automatically set to the value &V1& in
the transport profile.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.