The Recycler
  • Biuromax Masthead web banner March 2024
  • https://keypointintelligence.com/communicationsupplies
  • Katun Masthead Nov 2024
  • G&G Web Ad Dec 2024

EU Council signs off on new competition rules

July 18, 2022

The EU Council has approved the ‘Digital Markets Act’ that provides new rules for large online platforms to prevent abuse of their market position.

The EU Council has approved new rules for large online platforms (“gatekeepers”) to prevent abuse of their market position through the Digital Markets Act (DMA).

The EU Council said of the DMA: “The DMA ensures a digital level playing field that establishes clear rights and rules for large online platforms (‘gatekeepers’) and makes sure that none of them abuses their position. Regulating the digital market at EU level will create a fair and competitive digital environment, allowing companies and consumers to benefit from digital opportunities.”

The DMA will require Gatekeepers to ensure that unsubscribing from core platform services is just as easy as subscribing. At the same time, guaranteeing that the basic functionalities of instant messaging services are interoperable, i.e. enable users to exchange messages, and send voice messages or files across messaging apps. Business users must have access to their marketing or advertising performance data on the platform.

Gatekeepers must also inform the European Commission of their acquisitions and mergers.

The DMA will prevent gatekeepers from ranking their own products or services higher than those of others (self-preferencing). Or pre-installing certain apps or software, or prevent users from easily un-installing these apps or software. The DMA also ends the requirement that the most critical software (e.g. web browsers) be installed by default when installing an operating system.

The DMA will also stop gatekeepers from preventing developers from using third-party payment platforms for app sales or reusing private data collected during a service for another service.

If a large online platform is identified as a gatekeeper, it must comply with the DMA rules within six months.

There are tough penalties for gatekeepers who violate the DMA. For a first offence, the maximum fine could be up to 10% of its total worldwide turnover. For a second office, the maximum fine increases to 20% of the gatekeepers’ worldwide turnover. Harsher penalties for gatekeepers that break the DMA rules include a possible market investigation and, if necessary, imposing behavioural or structural remedies.

Categories : World Focus

Tags : Business Digital Markets Act EU Online Marketplace Online retailers

  • Apex Web ad Nov 2024
  • TN Core Dec 2024 Web Ad
  • G&G web advert October 2024
  • IR Italiana Web ad January 2021
  • Cartridge Web Web Ad Dec 24
  • Biuromax Nov 2024 Web Ad
  • Static Control June 2022 Big & Bold Ad
  • INk TANK Dec 24 Web Ad
  • CET Web ad December 2023
  • Denner Feb 2024 Web Ad
  • denner UK Web Banner Jul 2024
  • PCL Nov Web advert
  • Zhono Web ad March 2024
  • HYB Web banner Jan 2024
  • GM Technology Dec 24 Web Ad
  • Mito Web banner June 2024
  • PCL Nov Web advert
  • Zhono Web ad March 2024
  • HYB Web banner Jan 2024
  • Denner Feb 2024 Web Ad
  • Mito Web banner June 2024
  • denner UK Web Banner Jul 2024
  • CET Web ad December 2023
  • GM Technology Dec 24 Web Ad
  • GM Technology Dec 24 Web Ad
  • CET Web ad December 2023
  • Mito Web banner June 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • Zhono Web ad March 2024
  • denner UK Web Banner Jul 2024
  • PCL Nov Web advert

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark