Inter-regulatory coordination to reduce arbitrage opportunity: CCI chairman

'In the case of market purchases where prices are volatile, if one is required to wait for approval from the CCI, the person or entity may lose the opportunity to buy shares at best prices'

The government has referred the Competition (Amendment) Bill, introduced in the Lok Sabha during the just concluded monsoon session of Parliament, to the Parliamentary Standing Committee on Finance for review. The proposed amendments are expected to widen the scope for intervention by the Competition Commission of India (CCI). In an interview with Shrimi Choudhary, CCI Chairman Ashok Kumar Gupta explains the rationale behind the proposed amendments. Edited excerpts:

The Bill seeks to make inter-regulatory coordination more cohesive and symbiotic. Your take?

Inter-regulatory references gain significance because the CCI as an overarching market regulator has an interface with various sectoral regulators,