We discuss the relation between the CP symmetry and the custodial SU(2)
symmetry in the Higgs sector. In particular, we show that CP violation in the
Higgs-gauge sector is allowed only if the custodial SU(2) symmetry is broken.
We exploit these facts to constrain CP violation using the experimental bounds
on ρ−1. CP nonconservation in the Higgs-fermion interactions can also be
constrained in a similar way although a possible exception is pointed out.Comment: 19 pages, 2 figures (not included), SLAC-PUB-619