Unable to register GPO in Version Control (4240466)

Unable to register GPO in Version Control

When attempting to register a GPO (or multiple ones) created in GPMC the following error message is displayed:
System.ServiceModel.FaultException`1[System.ServiceModel.ExceptionDetail]:
Attempted to perform an unauthorized operation. (Fault Detail is equal to An ExceptionDetail, likely created by IncludeExceptionDetailInFaults=true, whose value is: System.UnauthorizedAccessException:
Attempted to perform an unauthorized operation.
at System.Security.AccessControl.Win32.SetSecurityInfo(ResourceType type, String name, SafeHandle handle, SecurityInfos securityInformation, SecurityIdentifier owner, SecurityIdentifier group, GenericAcl sacl, GenericAcl dacl)
at System.Security.AccessControl.NativeObjectSecurity.Persist(String name, SafeHandle handle, AccessControlSections includeSections, Object exceptionContext) at System.Security.AccessControl.NativeObjectSecurity.Persist(String name, AccessControlSections includeSections, Object exceptionContext) at System.Security.AccessControl.FileSystemSecurity.Persist(String fullPath)
at Quest.Avalanche.VersionControl.Workflow.VersionControlled.RegisterSQL(VersionControlContainer container, VersionControllable thing, String comment, Int32 initialMajorVersion, Boolean workflowEnabled) at Quest.Avalanche....).