Merge pull request #378 from InteractiveAdvertisingBureau/changePolicyVersion

Updated paragraph regarding resurfacing the CMP based on policy version updates.

Author: HeinzBaumann

TCFv2/IAB Tech Lab - Consent string and vendor list formats v2.md

@@ -1448,9 +1448,9 @@ A browser will add this header automatically and, therefore, nothing needs to be
 
 #### Global Vendor List and TCF Policy Updates
 
-When a change occurs in the TCF [Policies](https://iabeurope.eu/iab-europe-transparency-consent-framework-policies/), the update invalidates the previous declarations of vendors listed on the previous version of the GVL. These policy changes happen infrequently, but when they do, a CMP is required to discard the user’s current TC String and resurface the user interface to provide new disclosures, capture new consent, and encode a new TC String without migrating any old values over from the old one.
+When a change occurs in the TCF [Policies](https://iabeurope.eu/iab-europe-transparency-consent-framework-policies/), the MO may indicate that changes are of such a nature as to require re-establishing Legal Bases. These policy changes happen infrequently, but when they do, a CMP is required to discard the user’s current TC String and resurface the user interface to provide new disclosures, capture new consent, and encode a new TC String without migrating any old values over from the old one - under the timeline provided by the MO for the transition.
 
-To determine if TCF [Policies](https://iabeurope.eu/iab-europe-transparency-consent-framework-policies/) have changed, CMPs shall compare the _**TcfPolicyVersion**_ encoded in a TC String with the _**TcfPolicyVersion**_ property in the latest Global Vendor List published by the Managing Organisation – if the values are different then the TCF Policy has changed and a CMP will be required to provide new disclosures, capture new consent, and encode a new TC String.
+To determine if TCF [Policies](https://iabeurope.eu/iab-europe-transparency-consent-framework-policies/) have changed, CMPs shall compare the _**TcfPolicyVersion**_ encoded in a TC String with the _**TcfPolicyVersion**_ property in the latest Global Vendor List published by the Managing Organisation.
 
 
 ### Example Global Vendor List JSON Object