Check this Ofcom announcement. It basically covers their terms of reference for the Copyright Infringement piece of the Digital Economy Act (was Bill – feels kinda final).
There is going to be a lot written on this between now and the end of the year. There are no surprises at this stage though the statement does confirm that the process has to take no more than 8 months including 3 months for the Code of Practice to be approved by the European Commission.
The draft CoP also has to be in place no later than May. There is an option for stakeholders to jointly propose a draft within this timeframe but I can’t see it happening. I may be wrong.