Who are considered as politically exposed persons.
Do IAS, IPS, IRS etc considered as politically exposed?
And are they allowed to day trade, speculate etc.
Rule 16(1) of the Central Civil Service Conduct Rules deals with stock investments. CCS conduct Rules guide the conduct of all Central Government employees including IFS. You can find similar provision in All India Service Rules too which deals with IAS and IPS
No Government servant shall speculate in any stock, share or other investment:
Provided that nothing in this sub-rule shall apply to occasional investments made through stock
brokers or other persons duly authorised and licensed or who have obtained a certificate of
registration under the relevant law.
Explanation - Frequent purchase or sale or both, of shares, securities or other investments shall be
deemed to be speculation within the meaning of this sub-rule.
Only speculation is barred. Investment in shares are thus not barred. However, the definition of speculation places some sort of a restriction on your freedom to invest.
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