Lexical Markup Framework (LMF) or ISO 24613 [1] is a de jure standard that\nprovides a framework for modelling and encoding lexical information in\nretrodigitised print dictionaries and NLP lexical databases. An in-depth review\nis currently underway within the standardisation subcommittee,\nISO-TC37/SC4/WG4, to find a more modular, flexible and durable follow up to the\noriginal LMF standard published in 2008. In this paper we will present some of\nthe major improvements which have so far been implemented in the new version of\nLMF.\n