FAQ 205 added: What happens to specific licences when a designated person is delisted? 

OFSI has published a new Frequently Asked Question (FAQ) explaining what happens to specific licences when a designated person is delisted.

The FAQ confirms that, once a designated person is delisted, UK financial sanctions no longer apply to that person or entity and any specific licences relating solely to them are no longer required. It also explains how OFSI will treat pending licence applications and what happens if a person or entity is subsequently re-listed.

the FAQ:

205. What happens to specific licences when a designated person is delisted?

When a designated person is delisted, UK financial sanctions cease to apply to that person or entity. Specific licences that concern only the delisted designated person and no other relevant sanctions are no longer needed. Post de-listing, you do not need to apply for a specific licence to be revoked.

Where a specific licence is no longer required following a delisting, you do not need to take any action and do not need to contact OFSI regarding the status of that licence. If a person or entity is later re-listed, any previous specific licence(s) issued by OFSI are not re-activated. A new licence application will need to be made.

Any relevant specific licence applications pending at the time of de-listing that cease to be required will be closed.

Added on: 09 October 2026