Overview

This bill aims to introduce a voluntary regulatory system for small online news platforms in the UK. It focuses on establishing a code of conduct and a regulatory body to oversee these platforms, with the goal of improving journalistic standards and accountability.

Description

The bill defines "small online news platforms" based on factors like user numbers, advertising revenue, or other criteria to be determined by the Secretary of State. These platforms won't be compelled to join the regulatory system, but participation offers benefits.

Regulatory Body

A regulatory body will be created to establish an editors' code of conduct. This code will cover aspects such as accuracy, distinguishing fact from opinion, attribution of sources, correcting errors, child safety, avoiding hate speech, protecting sources, and disclosing conflicts of interest. The body will investigate breaches, monitor compliance, and offer training and guidance. Platforms must also submit annual information returns and maintain records.

Enforcement

The regulatory body will have enforcement powers, including publishing corrections, issuing warnings, and imposing fixed penalty notices. A levy may be imposed on platforms to fund the regulator's operation.

Unregulated Platforms

Editors of unregulated platforms (those not members of accredited bodies or lacking appropriate insurance) face potential criminal liability if they fail to remove illegal content. The bill outlines potential penalties and clarifies liability in cases involving illegal content displayed on these platforms.

Government Spending

The bill's financial impact is uncertain. Government spending will depend on the cost of establishing and running the regulatory body, which may be partially offset by any levies imposed on participating platforms. No specific figures are provided in the bill.

Groups Affected

• Small online news platforms: These platforms will be most directly affected. They may face new compliance requirements and potentially a levy to fund the regulator.
• Editors and journalists: Editors will be responsible for adherence to the code and potentially face legal consequences if not compliant. Journalists may benefit from additional training and guidance.
• Readers: The bill aims to improve the quality and accuracy of online news, potentially benefiting readers through increased standards.
• Regulatory body: A new regulatory body will be created, requiring staffing and resources.

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