Cubase is removing plugins from inserts when iLok is missing

Hello all

I’m encountering an issue where if I open a session and my iLok is not connected (or if it does not recognise my licenses), then all the plugins that use iLok are automatically removed from the cubase session. If I then close the session without saving, insert my iLok and open it again to try and restore the plugins then those plugins are still missing from the inserts on channels where they were before.

Is anyone else encountering this issue?

Surely Cubase should simply render the plugin inactive, but leave it in the inserts so that plugin settings are saved.

Is there a setting in prefs that I’ve missed that is triggering this behaviour?