Regulation of the press
- An independent regulator with the power to fine newspapers up to £1m or 1 per cent of turnover for breaching a new code of conduct
- Regulator to be underpinned by statute, to ‘protect the freedom of the press, to reassure the public and validate the new body’
- Arbitration system to enable wronged parties to seek swift redress by way of a prominent apology and fines, if appropriate
- New body will not have power to prevent publication of any material
- Kite mark system for publications that are signed up to the new regulator