Hi Anton ,
Please read the following Note
2184647 - Solution Manager 7.1 SP Stack 14: recommended corrections
Believe you dont require to do anything on the managed system . It will be better server if you patch the ST-PI /API on your managed systems though .
Follow the Note ( above )closely and all should be fine
2110259 - SAP Solution Manager 7.1 SP14 - basic functions
Thanks ,
Manu