Excel Links Problem Resolutions
An
Excel links problem is generally caused by one of two reasons,
the first being that the actual link does not exist, and the
second reason is settings.
To rule out
permission errors within Excel try running the URL from
your internet browser, or if it’s a link to a file try running
this from the start > Run Menu
The main error we are referring to is
This operation has been cancelled due to restrictions in effect
on this computer. Please contact your system administrator.
Contrary to what the error implies usually its not a permission error
causing the problem.
Attempting to open any link in a spreadsheet be it a URL or link
to a file gives this error
Have you
recently remove any internet browsers, this happens when Excel
is still looking for what it considers to be the default
internet browser, even if every other file and application does
see a different browser Excel can be a little bit stubborn.
To resolve
this make sure that your chosen web browser is the default,
Internet Explorer
Windows Control Panel > Internet Options > Programs tab > under
default web browser select Make Default

The next
option is to reset your internet browser, if you using Internet
Explorer then go to the Tools Menu > Internet Options >
Advanced tab > Hit the Reset button on the bottom of the
screen and try open Excel and try again
The final option, which involves editing your computer
registry is not something that’s recommended unless you are
already familiar with this process.
This involves
running the registry editor and navigating to
HKEY_LOCAL_MACHINE\
SOFTWARE\classes\.htm and adding the entry below if it does
not already exist
(Default) REG_SZ htmlfile

It also worth
checking to make sure that Excel’s security is not preventing
the link from opening and you have access to where the link is
pointing
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