Huddersfield Town have received Football League confirmation that they complied with Financial Fair Play guidelines last season.
It means they will be free from any kind of transfer embargo in 2016.
The maximum permitted loss for Championship clubs was £6m (an adjusted operating loss of up to £3m plus a further maximum of £3m of shareholder investment).
Following a change to Football League rules, permitted losses for the 2015-16 season increased to £13m.
Town chief executive Nigel Clibbens said: “The Football League has confirmed the club fulfilled the Financial Fair Play requirement last season.
“We can focus on improving our position without the disruption and damage caused by external constraints and restrictions over our transfer activity.”