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On June 27, the U.K. authorities—the Director of Serious Fraud Office and Director of Public Prosecutions—put out a draft Code of Practice on Deferred Prosecution Agreements ("the Code"). The Code provides U.K. prosecutors with guidance on negotiating a deferred prosecution agreement (UKDPA), applying to a U.K. court for approval of a UKDPA, and oversight of UKDPAs after approval by the court. The UKDPA is similar to the U.S. model but with some significant differences.

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