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The related System Errors in Event Viewer: 1. The Windows Search Service terminated unexpectedly 2. The Server did not register with DCOM within the required timeout. A related warning indicates permission problems with the local account (do not grant Local Activation permission).

Event Viewer is reporting two frequent errors: 1. Security-SPP: License Activation (slui.exe) failed with the following error code: hr=0x800704CF (funny, if I need "settings" for activation) 2. Application Error: Faulting application: SearchIndexer.exe; Faulting Module: KBDGR.DLL

Absolutely the same issue here. The ARM preview release for Win10 was working great, the update to Win11 was possible using Parallels vTPM2 - but trying to start apps like „settings" which obviously need administrative access won't work. Same picture with fresh installs using the latest win11...