CCI staff barred from stock bets to stop conflict

Competition Commission of India (CCI) has proposed to prevent its employees from specified investments, including any direct or indirect investments in commodity derivatives and equity-related investments other than certain exceptions like mutual funds, to protect the integrity of its regulatory decisions.

- Gireesh Chandra Prasad

CCI employees are covered by central civil service rules, and the proposed norms seek to add explicit additional conduct requirements for the regulator like in the case of other regulators, including the Securities and Exchange Board of India (Sebi). CCI has sought public feedb