The Shakers, who had a month-long sanction placed on them in December, will be unable to bring in any new players after they obtained a short-term loan from the Professional Footballers Association to help meet the club's costs.
Commercial director David Manchester told the Bury Times: "I can confirm at the moment we are in a transfer embargo. We have received a temporary loan again from the PFA to see us through the next three months with our ongoing expenses.
"Like many businesses at the moment we have a temporary cashflow problem which we need help with in the short term."
