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OFSI General Licence INT/2022/1280876 amended to add Permission 5.3A which states that no distributions on VTB Bank PJSCs claim should be made without first deducting from the distributions the value of any VTB Capital plc assets which have been or are subject to VTB Bank PJSC enforcement action, and the VTB Group Receivables; and statutory interest should not be paid for any time over which distributions are not paid because of these deductions.
General Licence INT/2022/1280876 was further amended to change Permission 5.2, specifically the Insolvency Proceedings that apply to OWH SE, the EU subsidiary.
OFSI General Licence INT/2022/1280876 amended to permit a scheme of arrangement prepared by the Joint Administrators of VTB Capital plc.
OFSI General Licence INT/2022/1280876 amended to change the name of VTB Bank (Europe) SE to OWH SE within the definition of an EU subsidiary.
OFSI General Licence INT/2022/1280876 updated
Amended GL INT/2022/1280876
Amended GL and notice to add Guernsey and EU subsidiaries
Updated with:OFSI General Licence INT/2022/1280876Publication notice of OFSI General Licence INT/2022/1280876
First published.