GovWire

Guidance: OFSI General licence - INT/2022/2009156

Hm Treasury

February 15
11:51 2024

  • General licence - INT/2022/2009156
  • Publication notice: General licence - INT/2022/2009156
Published 22 July 2022
Last updated 15 February 2024 +show all updates
  1. OFSI General licence - INT/2022/2009156 amended to remove reference to frozen UK bank accounts from Permissions 4.1, 4.3.1, and 6.1 to make clear that payments by DPs are not restricted to those made from frozen funds; andThe language in permission 5.1 and 6.6 has been clarified.

  2. General licence - INT/2022/2009156 amended: Permitted Payments can only be made for UK properties and UK vehicles; Insurance Brokers may make all types of Return Payments to a DPs frozen bank account including payments due from successful claims;the language in 5.2 and 6.5 has been clarified; the definition of Return Payments was expanded to include other types of refunds; the reporting and record-keeping requirements also apply to Insurance Brokers and those reporting must now report to HM Treasury within 10 working days.

  3. OFSI General licence - INT/2022/2009156 amended.

  4. Amended General Licence and Publication notice

  5. First published.

Related Articles

Comments

  1. We don't have any comments for this article yet. Why not join in and start a discussion.

Write a Comment

Your name:
Your email:
Comments:

Post my comment

News Calendar

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: