Self-regulation occurs when industry manages and enforces its own solutions to address issues without a regulator like Ofcom or the government being involved. Co-regulation is an extension of this – it involves both industry and either the government or the regulator administering and enforcing a solution. Sometimes self-regulation or co-regulation will be the right thing but sometimes neither will do and statutory regulation enforced by Ofcom will be required. The Panel has advised Ofcom on its policy approach to this area.