diff --git a/.github/policies/competition/antitrust.yml b/.github/policies/competition/antitrust.yml
new file mode 100644
index 00000000000..4af678a8bfd
--- /dev/null
+++ b/.github/policies/competition/antitrust.yml
@@ -0,0 +1,5 @@
+name: Antitrust Classification
+rules:
+  - id: antitrust-01
+    description: Flag mentions of anticompetitive conduct
+    condition: text contains "anti-competitive"
diff --git a/docs/ops/runbooks/competition-events.md b/docs/ops/runbooks/competition-events.md
new file mode 100644
index 00000000000..522b90e3eaa
--- /dev/null
+++ b/docs/ops/runbooks/competition-events.md
@@ -0,0 +1,6 @@
+# Competition Events Runbook
+
+* Alert if:
+  * extraction fails >5%
+  * schema mismatch
+* SLO: 99% parse success
diff --git a/docs/security/data-handling/competition-events.md b/docs/security/data-handling/competition-events.md
new file mode 100644
index 00000000000..98091e7fdb6
--- /dev/null
+++ b/docs/security/data-handling/competition-events.md
@@ -0,0 +1,7 @@
+# Competition Events Data Handling
+
+* Public news only
+* Never log:
+  * raw prompts
+  * internal embeddings
+* Retention: 30 days raw, permanent structured
diff --git a/docs/standards/competition-events.md b/docs/standards/competition-events.md
new file mode 100644
index 00000000000..65bb8e7ca23
--- /dev/null
+++ b/docs/standards/competition-events.md
@@ -0,0 +1,7 @@
+# Competition Events Standards
+
+| Format        | Supported    |
+| ------------- | ------------ |
+| JSON          | ✅           |
+| Graph (Neo4j) | ✅           |
+| OpenAI schema | ❌ (non-goal)|
diff --git a/scripts/bench/competition-event.ts b/scripts/bench/competition-event.ts
new file mode 100644
index 00000000000..19a98b79294
--- /dev/null
+++ b/scripts/bench/competition-event.ts
@@ -0,0 +1 @@
+console.log('Benchmark script stub');
diff --git a/scripts/monitoring/competition-drift.ts b/scripts/monitoring/competition-drift.ts
new file mode 100644
index 00000000000..a7f50a80681
--- /dev/null
+++ b/scripts/monitoring/competition-drift.ts
@@ -0,0 +1 @@
+console.log('Monitoring script stub');
diff --git a/src/agents/competition-risk-agent.ts b/src/agents/competition-risk-agent.ts
new file mode 100644
index 00000000000..cbd5b0f1606
--- /dev/null
+++ b/src/agents/competition-risk-agent.ts
@@ -0,0 +1,5 @@
+export class CompetitionRiskAgent {
+  analyze(text: string) {
+    return { riskScore: 0.8, flags: ['antitrust'] };
+  }
+}
diff --git a/src/connectors/rest/regulatoryNews.ts b/src/connectors/rest/regulatoryNews.ts
new file mode 100644
index 00000000000..905311d40fe
--- /dev/null
+++ b/src/connectors/rest/regulatoryNews.ts
@@ -0,0 +1,11 @@
+import crypto from 'node:crypto';
+
+export function extractCompetitionEvent(article: string) {
+  const hash = crypto.createHash('sha256').update(article).digest('hex');
+  return {
+    id: hash,
+    type: "REGULATORY_COMPETITION_EVENT",
+    actors: [],
+    claims: [],
+  };
+}
diff --git a/src/graphrag/schema/competitionEvent.ts b/src/graphrag/schema/competitionEvent.ts
new file mode 100644
index 00000000000..57641370fd2
--- /dev/null
+++ b/src/graphrag/schema/competitionEvent.ts
@@ -0,0 +1,7 @@
+import type { EvidenceReport } from '../evidence/types.js';
+
+export interface CompetitionEvent extends EvidenceReport {
+  event_type: 'REGULATORY_COMPETITION_EVENT';
+  actors: string[];
+  claims: string[];
+}
diff --git a/subsumption/competition-events/claims.md b/subsumption/competition-events/claims.md
new file mode 100644
index 00000000000..76f11b487ce
--- /dev/null
+++ b/subsumption/competition-events/claims.md
@@ -0,0 +1,9 @@
+# Claim Registry
+
+| Planned Element                   | Source        |
+| --------------------------------- | ------------- |
+| Competition-risk detector         | ITEM:CLAIM-02 |
+| Regulatory event ingestion        | ITEM:CLAIM-01 |
+| Actor conflict graph edges        | ITEM:CLAIM-04 |
+| Market competition classification | ITEM:CLAIM-03 |
+| Antitrust policy tagging          | ITEM:CLAIM-05 |
diff --git a/subsumption/competition-events/manifest.yaml b/subsumption/competition-events/manifest.yaml
new file mode 100644
index 00000000000..5594145e769
--- /dev/null
+++ b/subsumption/competition-events/manifest.yaml
@@ -0,0 +1,57 @@
+version: 1
+item:
+  title: "TEMPLATE: Replace with ITEM title"
+  links: []
+  type: "unknown"
+  date_version: "unknown"
+  intriguing_claim: "TEMPLATE: 1–2 sentences"
+item_slug: "_template"
+
+claim_registry:
+  mode: "missing-item"
+  claims_file: "subsumption/_template/claims.md"
+
+prs:
+  - title: "feat(governance): add subsumption bundle framework verifier"
+    lane: "foundation"
+    owner: "master"
+    risk: "green"
+
+gates:
+  - name: "verify-subsumption-bundle"
+    required_checks_status: "assumed"
+    deny_by_default_required: true
+
+evidence:
+  schemas:
+    report: "evidence/schemas/report.schema.json"
+    metrics: "evidence/schemas/metrics.schema.json"
+    stamp: "evidence/schemas/stamp.schema.json"
+  index: "evidence/index.json"
+  required_ids:
+    - "EVD-SUBSUMPTION-FRAMEWORK-GOV-001"
+
+docs_targets:
+  - "docs/standards/subsumption-bundle-framework.md"
+  - "docs/security/data-handling/subsumption-bundle-framework.md"
+  - "docs/ops/runbooks/subsumption-bundle-framework.md"
+  - "docs/required_checks.todo.md"
+  - "docs/repo_assumptions.md"
+  - "docs/decisions/subsumption-bundle-framework.md"
+
+fixtures:
+  deny_policy_dir: "subsumption/_template/fixtures/policy/deny"
+  tests:
+    positive:
+      - "subsumption/_template/fixtures/tests/positive/minimal_bundle"
+    negative:
+      - "subsumption/_template/fixtures/tests/negative/missing_docs"
+
+feature_flags: []
+dependency_delta:
+  required_if_deps_change: true
+  doc_root: "deps_delta"
+
+required_checks_discovery:
+  status: "assumed"
+  instructions: "docs/required_checks.todo.md"
diff --git a/tests/connectors/regulatoryNews.test.ts b/tests/connectors/regulatoryNews.test.ts
new file mode 100644
index 00000000000..5cb12b9e707
--- /dev/null
+++ b/tests/connectors/regulatoryNews.test.ts
@@ -0,0 +1,10 @@
+import test from 'node:test';
+import assert from 'node:assert';
+import { extractCompetitionEvent } from '../../src/connectors/rest/regulatoryNews.js';
+
+test('extractCompetitionEvent', () => {
+  const article = 'OpenAI formally requested regulatory scrutiny from California AG.';
+  const event = extractCompetitionEvent(article);
+  assert.strictEqual(event.type, 'REGULATORY_COMPETITION_EVENT');
+  assert.ok(event.id);
+});