Microsoft.SqlServer.XEvent.Configuration.dll gets exceptioncode 0xc0000409 when executing SSIS package

when executing an SSIS package on a virtual machine set up as following:

Windows Server 2016 v 1607 (OS Build 14393.2248) SQL Server 2016 Enterprise with Service Pack 1 v13.0.4466.4 Integration Services v13.0.4001

I get the following exception:

Faulting application name: dtexecui.exe, version: 13.0.1601.5, time stamp: 0x572453d7
Faulting module name: Microsoft.SqlServer.XEvent.Configuration.dll, 
version: 2015.130.1601.5, 
time stamp: 0x57244e3d
Exception code: 0xc0000409
Fault offset: 0x0000dec7
Faulting process id: 0xc20
Faulting application start time: 0x01d4b3d557c938d3

followed by:

Fault bucket 116384339059, type 5
Event Name: BEX
Response: Not available
Cab Id: 0

Problem signature:

P1: dtexecui.exe
P2: 13.0.1601.5
P3: 572453d7
P4: Microsoft.SqlServer.XEvent.Configuration.dll
P5: 2015.130.1601.5
P6: 57244e3d
P7: 0000dec7
P8: c0000409
P9: 00000002
P10: 

I have attempted to reinstall SSIS services, check for various permissions for the running accounts, reinstalled the SSIS package with more logging but I can't seem to get any closer to a fix.