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How to fix SOLIDWORKS errors caused by Microsoft update KB3072630

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After applying the update Windows KB3072630, many people have a problem with Solidworks, namely the error "Failed to create ToolboxLibrary object". It affects 2011-2015 and Solidworks 2016 beta.  Symptoms Instability may appear in many different functional areas of the software, so the list below may not be complete. Known symptoms are: Crashes when recording, playing or editing a SOLIDWORKS Macro. Missing add-ins from the SOLIDWORKS add-ins list in the Tools menu. Error when launching SOLIDWORKS or opening a file: “Could not load SOLIDWORKS DLL: GdtAnalysisSupport.dll”. Instability when using Equations; Error when launching SOLIDWORKS or SOLIDWORKS Explorer: “DWG document manager library is invalid or missing Error "Failed to create ToolboxLibrary object". The error “The system administrator has set policies to prevent this installation” is displayed when attempting to apply a service pack to SOLIDWORKS with administrative rights. After an installation or upgrade o...