Error rendering 'test-execution-defects-custom-field', when configuring the custom field "Test Execution Defects"

From the Jira Administration page, when selecting the custom field "Test Execution Defects" and then click in "Configure", a renderer error is shown "Error rendering 'test-execution-defects-custom-field'. Please contact your Jira administrators."

Steps to reproduce

Step	Result
Go to Jira Adminitration -> Issues -> Fields - Custom fields - Test Execution Defects
Renderer error is shown