October 9, 2023

UK issues general license to enable certain payments to Companies House

On October 6, 2023, the UK Office of Financial Sanctions Implementation issued General License INT/2023/3626884 under all UK Autonomous Sanctions Regulations to enable UK designated persons (“UK DPs) or persons acting on behalf of UK DPs to make Permitted Payments to Companies House, an executive agency that incorporates and dissolves limited companies, registers company information, and makes it available to the public.  According to the general license, Permitted Payments are fees owed by UK DPs to Companies House for the filing of confirmation statements and late filing fees incurred in connection with the late filing of a confirmation statement.  The general license also allows the UK DPs to repay a person who makes a Permitted Payment on his/her behalf.  It is important to note that the license does not permit payments to any person designated by the United Nations.

UK DPs who utilize this general license are required to report the following details and supporting evidence to OFSI within 14 days of making a Permitted Payment:  i) the type of Permitted Payment made; ii) the amounts paid; iii) the payment route used; and iv) the date of payment.  UK DPs must also keep accurate and complete records of actions taken pursuant to this license for a minimum of 6 years.

General License INT/2023/3626884 | Publication Notice – General License INT/2023/3626884