FSLRC for greater CCI oversight

According to the report,all draft regulations issued by regulators for public comments should be reviewed by the CCI and it should provide its inputs on any potential competition implications which may arise due to the draft.

The comments of the CCI have to be mandatorily considered by the regulator before finalising the regulations. If the regulator disagrees with CCIs views,it must provide written reasons, the report suggested.

In case the competition watchdog takes any action against a financial agency,it will have to inform the financial regulators to ensure the best interests of consumers,the report added.