This is my first submission to RD so please bare with me. I've tested this for a a couple days with a friend and it seems to be all in good order. If an update comes along from Codemasters it may break the OSD, as a fair warning and that's why I use JSGME.
The mod achieves a Transparent OSD, this includes 6 variants, backup files for (V1.7.0) and the modded files that achieve this effect.
"OSD with Sky Sports F1 HD Live Logo" all OSD variant's with the Sky Sports F1 HD Live Logo.
"Sky Sports DDS" files and readme if anyone just wants the dds/import into their game.
"Sky Sports Logo Only" the original files but replaced the F1 2016 logo with Sky Sports.
*To install open the folder which corresponds to the screenshots and copy the asset_groups folder into your F1 2016 directory and replace the files.
*To install via JSGME place the folder name that corresponds to the screenshot into your mod folder and enable it via JSGME.
No Starting Lights, Wrong Way
No Starting Lights, Wrong Way, All OSD Transparent
No Starting Lights, Wrong Way, Clutch&Throttle, All OSD Transparent
No Starting Lights, Wrong Way, OSD Transparent except Dash
No Starting Lights, Wrong Way, Clutch&Throttle, MFD Buttons
No Wrong Way, Complete OSD Transparent (includes finish timer, race winner, pit timer, and flags/messages settings)
I will try my best to make different style OSD's as I can, you may request a certain style of OSD you like ex. position background visible or MFD background visible, etc. You may also try yourself with the included files and I'll try to help with any questions.