How To Fix WB850 - No version exists for layout module &2 for date &1

SAP Error Message - Details

• Message type: E = Error

• Message class: WB - Messages for assortment list

• Message number: 850

• Message text: No version exists for layout module &2 for date &1

What causes this issue?

No layout module version was found for the validity date chosen. As the
validity date is in the past, no new version of the layout module can
be generated.

System Response

The system has canceled processing.

How to fix this error?

Enter an allowed validity date.

Error message extract from SAP system. Copyright SAP SE.