Access denied while creating managed metadata navigation

I’m trying to implement our site’s global navigation using managed metadata, but I keep getting some access denied problems despite I’m already the Site Collection and TermStore administrator.

What kind of access am i missing?

Even if I manually create a termset used for navigation, I get an access denied page when I try to associate it with the navigation.

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1 Answer
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Old question but it might help… www.sharepointappie.nl/confusing-access-denied-managing-navigation-office365/