61:567 cannot find required field componenteditor

When trying to open component editor, via command or button, form does not open and we get following error:

show !!componenteditor


(61,567)  F&M: Cannot find required field !!COMPONENTEDITOR.TRACING in list/menu
In line 4104 of PML function componenteditor.OTHERSPECIFICATIONS
    !this.tracing.select('rText','')
Called from line 3931 of PML function componenteditor.SETBRANCH
  !this.otherSpecifications()
Called from line 3689 of PML function componenteditor.SETUP
  !this.setBranch(!!ce)
Called from line 1 of Command/Form Callback Command
!this.setup()

seems something to do with tracing. tspec is set to nuler to all pipes and components.

How to solve this?