New Press Regulation Body Unveiled in U.K.

An alternative to the hard-line government scheme

A rebranded and revamped replacement for the defunct press regulation body heavily criticised by the Leveson Inquiry, has been revealed by a group representing Britain's largest newspaper and magazine publishers.

The constitutional structure of the new " Independent Press Standards Organisation" (IPSO), will now be looked at by the Privy Council ahead of the current government-backed royal charter which was passed by parliament in March.

Claiming to be a "complete break from the past" and to deliver "key recommendations" made in the Leveson report, IPSO will not need the underpinning of a royal charter to impose £1m fines, operate a whistle-blowers hotline, investigate complaints and to allow "upfront corrections and adjudications".