I remember when the new style badge was introduced at the 2009 Centenary.
I couldn’t work out why MMC felt the need to change and I am glad that my 4/4 carries the older design.
I'll stick my neck out and suggest that it would have been a business decision to ensure the safekeeping of intellectual property rights and copyright etc. A new design would be easier to 'police' although the new design badges and names were clearly on sale at a traders stall in Portugal a year or so ago..!
Mind you, with the exchange rate it was almost Morgan prices anyway..
Have to say I've no strong feelings either way on the badge design, other than ensuring the paint stays on. The new design means that end of the pin badges are like needles, though..!!!