Legal News

EU Digital Markets Act to enter into force on 1 November 2022

Published on: 31 October 2022
Published by LNB News

LNB News 31/10/2022

Document Information

Issue Date: 31 October 2022

Published Date: 31 October 2022

Jurisdiction(s): United Kingdom

Article summary

The European Commission has confirmed that the EU Digital Markets Act (DMA) will enter into force on 1 November 2022, ending unfair practices by ‘gatekeeper’ companies in the online platform economy. The DMA defines ‘gatekeepers’ as digital platforms which ‘provide an important gateway between business users and consumers’ and act as a private rule maker, leading to a bottleneck in the digital economy. The DMA sets out obligations and prohibitions on certain behaviours for gatekeepers which operate at least one core platform services (including social networking services, online search engines, video sharing platforms, web browsers, cloud computing services, and advertising services) and meet three criteria—if the company is a size that impacts the internal market, if it controls an important gateway for business users towards final consumers, and if they have an entrenched and durable position over the last three years. The obligations the gatekeepers will have to meet are intended to allow companies...

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