Title page
Contents
Summary 3
PART ONE. Context 5
Current Rules 5
Why is the government consulting? 8
Proposal and Consultation Process 8
PART TWO. The Proposal 9
What are we proposing? 9
Potential impacts of the proposal 9
Reducing commercial risk for the Seller 10
Details of how the legally binding mechanism would work 11
The current legislative base 12
Implementation of the proposed changes 13
PART THREE. Summary of consultation questions 14
ANNEX A. Commentary on the Draft Option Agreement 17
ANNEX B. Glossary 19
ANNEX C. Privacy Notice 21