Symptoms
UC_CLIENT_SETTINGS defaults to OBJECT_AUDIT=Y. This automatically enables Version Management. If OBJECT_AUDIT is enabled you cannot disable Version Management
For example:
UC_CLIENT_SETTINGS has the following entries
OBJECT_AUDIT=Y
VERSION_MANAGEMENT=N
Even though you have disabled Version Management in the client settings the OBJECT_AUDIT=Y will override this and Version Management is enabled
Cause
Describe cause here
Resolution
In order to disable Version Management you need to change the OBJECT_AUDIT=N