UK Updates General License on Payments to Companies House Agency

The U.K. updated its general sanctions license allowing sanctioned parties to make "permitted payments" to Companies House, the country's executive agency that registers and publicizes company information and incorporates and dissolves limited companies. The Office of Financial Sanctions Implementation updated the license to clarify that "permitted payments" means payment of fees "owed by or due from" sanctioned parties to the agency for filing a confirmation statement in respect of incorporated U.K. entities and also the payment of late filing penalty fees as a result of annual account late filings by the sanctioned parties.