Office of Financial Sanctions Implementation gov.uk

Guidance: OFSI General Licence INT/2026/8893924

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February 24, 2026 08:12 Regulation

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Details for OFSI General Licence INT/2026/8893924, Maritime Mutual Re-Insurance Wind Down General Licence

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OFSI General Licence INT/2026/8893924 Publication notice

On 24 February 2026, OFSI issued General Licence INT/2026/8893924 under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”) which allows for the winding down of insurance policies written by Maritime Mutual entities and their subsidiaries before their designation.

OFSI General Licence INT/2026/8893924 amended and extended. The expiry date of the General Licence has been extended from 06 July 2026 to 07 October 2026. A monthly reporting requirement has been introduced. Designated Persons relying on the licence are now required to provide HM Treasury, within 14 days of the end of each calendar month, with a report setting out details of all activities and/or payments carried out under the licence during that month. Details of what the report(s) must include are listed within the General Licence and Publication Notice.

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Contains public sector information licensed under the Open Government Licence v3.0. Licence

Read the original at the source: https://www.gov.uk/government/publications/ofsi-general-licence-int20268893924

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Organization: Office of Financial Sanctions Implementation — imported from official source
Official source: https://www.gov.uk/government/organisations/office-of-financial-sanctions-implementation.atom ATOM
Imported: September 15, 2026 20:57
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Identity: https://www.gov.uk/government/publications/ofsi-general-licence-int20268893924#2026-07-...