StubHub: "We're under no legal obligation to police our site..."

The one-off session features a range of figures from the industry giving evidence against professional touting - including Annabella Coldrick of the Music Managers Forum, Wildlife Entertainment's Ian McAndrew (Arctic Monkeys), and You Me At Six frontman Josh Franceschi. The session is looking into "ticket abuse" and how some tickets are sold at extortionate prices on secondary ticketing services.

Coldrick says that "in 2012 Live Nation said that they estimate 70% of the tickets sold on secondary sites were sold by professional traders - or as we would call them, touts."

Chris Edmonds (Ticketmaster UK chairman), Alasdair McGowan (head of public affairs/government relations at eBay), and Paul Peak (StubHub Europe's head of legal) are also giving their accounts.

Peak tells the committee that StubHub is "under no legal obligation to police our site."

Earlier this year the government's review into the secondary ticketing industry was released - it made for a despressing read.

You can watch the meeting live on www.parliamentlive.tv.

The BBC's Mark Savage reports that during the meeting it was revealed that Sheffield rock titans the Arctic Monkeys were "approached by a big resale site asking for tickets in exchange for [a] share of [the] profit[s]."

Arctic Monkeys have been approached by a big resale site, asking for tickets in exchange for share of profit. They refused. #selectcommittee

— Mark Savage (@mrdiscopop) November 15, 2016