OFSI publishes amended GL INT/2026/9491628

OFSI has published the amended Prince Group Insolvency General Licence INT/2026/9491628. The General Licence was amended as follows: The definition of 'Permitted Insolvency Activities' was amended to “The making, receiving, or processing of payments and any other action that is in connection with the Insolvency Proceedings, whether prior to or after commencement of such proceedings, conducted at the direction of, or with the consent of an Insolvency Practitioner (or Practitioners), are permitted, provided that no funds or economic resources are made available (directly or indirectly) to or for the benefit of any DP other than a Prince Group DP or Subsidiary.”