Jisc has released "Requirements for Transformative Open Access Agreements: Accelerating the Transition to Immediate and Worldwide Open Access."
Here's an excerpt:
These requirements are for 2019 and are for hybrid journal agreements. The requirements may be updated to support changes in research funder policies. Jisc Collections will evaluate agreements against these requirements and make the results of the evaluation publicly available online. This evaluation will also make clear if an agreement is compliant with a research funders' policies and their implementation of Plan S.
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