CLLS responds on financial regulators enforcement review: CLLS has published its response to the Treasury's call for evidence on enforcement decision-making at the financial services regulators. It considers that regulators should attach greater weight to self-reporting when considering whether to refer a case to enforcement. As regards the possibility of making representations, and given the lack of transparency after the initial stage of an investigation process, CLLS calls for the provision of periodic statements of progress by the regulator, so that the subject of investigation can make a meaningful response. CLLS also opposes the introduction of rewards for whistleblowing, as this could give rise to frivolous claims. (Source: CLLS Responds on Financial Regulators Enforcement Review)