Guidance

OFSI General Licence INT/2023/3263556

Details of General Licence INT/2023/3263556 GTLK Companies and their Subsidiaries 鈥� Insolvency related payments and activities.

From:
HM Treasury, Office of Financial Sanctions Implementation and Foreign, Commonwealth & Development Office
Published
1 August 2023
Last updated
13 June 2025 鈥� See all updates

Documents

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Details

  • OFSI General Licence INT/2023/3263556
  • OFSI Publication Notice INT/2023/3263556

皇冠体育app General Licence allows payments and other permitted activities to take place in relation to insolvency proceedings associated with GTLK Europe and GTLK Capital and their subsidiaries.

Updates to this page

Published 1 August 2023
Last updated 13 June 2025 show all updates

  1. General Licence INT/2023/3263556 was amended to make a clarificatory change to Permission 4.2.

  2. OFSI General Licence INT/2023/3263556 amended: Add regulation 18A to the regulations that are exempt under the General Licence; - Add definitions for Notes, Noteholders, Trustee, Relevant non-UK Institution, UK Prohibited Persons and UK Prohibited Persons Account; - Make it clear in Permission 4.2 that any funds made available to DPs must be held in a frozen account and any economic resources made available must be treated as frozen; - Add Permission 4.3 which states that financial services for foreign exchange reserve and asset management must not be provided to a UK Prohibited Person unless any resulting payments are credited to a UK Prohibited Person鈥檚 Account; - Make corresponding clarificatory changes to Permission 5, the notification requirement and the record-keeping requirement; and - Add a new reporting requirement.

  3. OFSI General Licence INT/2023/3263556 amended

  4. OFSI General Licence INT/2023/3263556 updated.

  5. First published.

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