The panel approved the November minutes and highlighted competition law compliance. The cyber working group met to discuss cyber/PI exposure updates, clarifying coverage intent and data breach response cost exclusions. The group was reviewing the model clause with plans to present it to the full committee. Legal updates included the Close Brothers v First Rand motor finance case and the impact on commission payments and consumer credit regulation. The meeting also covered aggregation clauses and the potential for a market briefing on computer crime exclusions. Members were reminded of upcoming LMA events and the transactional liability interest group.