Is this a bug or am I missing something here?

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I guess that could be linked and you need a rep of 20 to get the Osprey at the moment. As normally you get the option for the Police Licence at the same time as access to first level of military kit.BurnIt! wrote: ↑Fri, 7. Dec 18, 15:32 TLDR: Teladi police licence obtainable from Ministry of Finance, currently requires +20 reputation.
For the Teladi Company the law enforcement is actually handled by the Ministry of Finance. So it is correct that the Teladi Company does not offer a police licence but Ministry does. The fact that the name of the licence is "Company Police Licence" instead of the correct "Ministry Police Licence" is an oversight that could not be corrected in time due to localisation deadlines.
Additionally there's been a mixup with the requirements for that faction - at +10 you get the Ally ceremony and at +20 you get the Friend ceremony - but of course it should have been the other way around (+10 = Friend, +20 = Ally). We're looking into fixing this soon, but need to be careful with patching.
The police licence requires you to have gone through the friend ceremony which means you need to have reached +20 reputation with Ministry to purchase it.
This is being addressed in the 1.5 Beta patch.