The most common and most likely answer to this crossword clue is the 11 letter word ENDORSEMENT
I've seen this crossword clue in Financial Times
E
N
D
O
R
S
E
M
E
N
T
More clues leading to the result ENDORSEMENT
- Support rebellious modern teens
- Sanction finish with topless riders on time
- Support from Eden with monster taking new form
- Support offered by soldiers aboard tender, so composed
- Backing European people to settle in northern county
- Insured drivers prefer to avoid backing like this
- County billets troops after eliciting national leaders’ approval
- Clause in insurance policy motorists will try to avoid
- Backing – but not what driver wants?
- Terms need no amending for ratification
Buddy explains!

The straight part
We know that "Sanction" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case sanction = endorsement.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does ENDORSEMENT mean?
ENDORSEMENT noun- The act or quality of endorsing
- An amendment or annotation to an insurance contract or other official document (such as a driving licence).
- An instructor's signed acknowledgement of time practising specific flying skills.
- (certification) Permission to carry out a specific skill or application in a field in which the practitioner already has a general licence.
- Sponsorship, in means of money, by a company, business or enterprise.
- Support from an important, renowned figure of a media (celebrity, politics, sports, etc.), to get back up.