Lord Justice Leveson said in his report: "It is essential that there should be legislation to underpin the independent self-regulatory system and facilitate its recognition in legal processes.
"The legislation would not establish a body to regulate the press; it would be up to the press to come forward with their own body that meets the criteria laid down.
"The legislation would not give any right to Parliament, to Government, or to any regulatory (or other) body to prevent newspapers from publishing any material whatsoever.
"This is not, and cannot be characterised as, statutory regulation of the press. What is proposed here is independent regulation of press organised by the press with a statutory verification process."
Lord Justice Leveson says a genuinely independent and effective system of self-regulation is needed.
First snapshot of Lord Justice Leveson's Inquiry into the Culture, Practices and Ethics of the Press.
Nick Clegg sources say it is inevitable there will be differences between his response to the Leveson report and the Prime Minister's.