The Law Commission has published a consultation paper looking at how regulators in several sectors, including financial services, use criminal sanctions. It says criminal sanctions should be used only for serious wrongdoing, rather than to punish activities that are merely "risky". It thinks regulators could save themselves and the criminal justice system a lot of money by using alternative sanctions. It says that where regulators have powers to bring criminal cases, the offences should require proof-of-fault elements such as intention, knowledge, or a failure to take steps to avoid harm being done or serious risks posed. It asks for comment by 25 November.