Tougher New Rules for Tech Giants, More Power to Enforcers: Europe Antitrust Chief

European Competition Commissioner Margrethe Vestager proposed new powers for enforcers to tackle digital market failures.

By Reuters | Updated: 30 October 2020 16:46 IST

Tougher New Rules for Tech Giants, More Power to Enforcers: Europe Antitrust Chief

Executive Vice President of the European Commission Margrethe Vestager addresses the media

Highlights

The Digital Markets Act is targeted at online gatekeepers
"That proposal will have two pillars," Vestager told
Vestager will announce the new draft rules on December 2

Tech giants will have to do more to weed out illegal and harmful content while online gatekeepers will be bound by a list of dos and don'ts under new rules aimed at reining in their power, Europe's antitrust chief said on Thursday.

European Competition Commissioner Margrethe Vestager also proposed new powers for enforcers to tackle market failures in digital markets and to stop new ones from emerging.

Under the proposed Digital Services Act, online platforms will have to check sellers' identities before they can use their services in a move aimed at countering illegal and dangerous content.

Google Steps Up Campaign Against EU Push for Tough New Tech Rules

The tech companies will have to produce reports on their actions and inform users who pays for the advertisements that they see and why they have been targeted by certain adverts, Vestager said.

The second set of rules called the Digital Markets Act is targeted at online gatekeepers.

"That proposal will have two pillars," Vestager told a European Policy Center event.

"The first of those pillars will be a clear list of dos and don'ts for big digital gatekeepers, based on our experience with the sorts of behaviour that can stop markets working well."

Practices not allowed include pushing one's own services, known as unfair self-preferencing, making it difficult for users to switch platforms or to use more than one service.

Vestager said the second pillar of the Digital Markets Act was to set up a harmonised market investigation framework across the 27-country bloc.

"That would give us a harmonised set of rules that would allow us to investigate certain structural problems in digital markets and, if necessary, we could take action to make these markets contestable and competitive," she said.

Vestager will announce the new draft rules on December. 2. She will need to reconcile her proposal with those from EU countries and the European Parliament before it can become legislation.

© Thomson Reuters 2020

Are iPhone 12 mini, HomePod mini the Perfect Apple Devices for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.