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There isn't a way to lock down Context separately via TAC or Studio.
The only workaround is you can modify the Read-only permission of 'context' directory via SVN.
But '403 Forbidden' error occurs every time when using Studio.
I'm working on a project with several ETL developers and the project leads want to lock down the Context the master copy of metadate we've created. Is there a way to disallow creation of new context groups or context variables to prevent extraneous context that we don't want to track, update?