That's according to Infrastructure Minister Chris Thomas, who says an updated version should be brought in next year.
The code was last significantly updated in 2014, and will now mostly adopt the UK code, but also incorporate local variations such as the horse trams and derestricted roads.
Mr Thomas listed some of the main changes:
Onchan Raceway to stay open with new lease
Onchan commissioners say Onchan's raceway will remain in operation after the company agreed to sign a new lease.
Jobcentre can't stop ads being doubled up
Treasury Minister Alex Allinson says there's no way of ensuring job ads in the Island's Jobcentre aren't doubling up.
Deposits are biggest barrier to getting on property ladder
Manx residents have told a survey about barriers to first-time buyers getting on the property ladder the biggest difficulties are financial.
Vegan beauty salon up for sale
The owners of the Island's first vegan beauty salon say they're selling up.
Committee says more housing needed for young people
A Tynwald committee says the government needs to provide more housing for young people who can't find private rental accommodation.
Half of broken defibs now working
The Island's ambulance service says half of the Island's defibrillators which had been out of order are now working again.
Cider microbrewery planned for Ballasalla
Ballasalla could be getting a new microbrewery, if planners give the go-ahead.
Covid wrongful arrest and torture claims thrown out by court
A man suing the chief constable and attorney general over his arrest and acquittal over an alleged Covid gathering on Laxey beach has seen 22 of his claims thrown out by a court.
