The clause requires the gambling commission to prepare a statement containing the principles that it will apply when undertaking its licensing and regulatory functions. The amendment would merely set out in the Bill what this Government already expect the commission's licensing and regulatory statement to contain. It goes without saying that we expect the commission to exercise its regulatory activities in a transparent, accountable, proportionate, consistent and targeted manner. We also expect it to apply best regulatory practice, and it is expected that it will review the application of its functions with regard to the pursuit of the licensing objectives.
As a result of that review, we anticipate that the commission will consider whether the regulatory burdens imposed on the industry are appropriate. We also expect the commission to give due consideration to the best form of regulation for the industry and its implications, be that self-regulation, co-regulation or the imposition of additional regulatory burdens.
So, while I agree with the content of the amendment, I do not think that the requirements that it sets out need to be in the Bill. I therefore ask the hon. Gentleman to withdraw the amendment.