A government announcement signals plans to introduce new legislation quickly, though officials have left room for flexibility. The move comes amid pressure to address industry concerns, with regulators indicating they may reconsider their timeline if companies voluntarily adopt the proposed measures ahead of schedule. The statement highlights a balancing act between urgency and adaptability in policymaking. Those following regulatory developments will want to see how firms respond before any formal action is taken.
The government said it will legislate "as soon as they can" but may "reassess" its plans if firms make the desired changes sooner.
