The U.K. announced Tuesday that tech giants could be fined up to £18 million ($24 million) or 10% of their annual global turnover, whichever is highest, if they don't take down illegal content quickly. © 2021 CNBC LLC. Vestager told CNBC she hopes the new rules will be adopted "as fast as possible" but that this could take two years. "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.". Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Are iPhone 12 mini, HomePod mini the Perfect Apple Devices for India? Vestager said the second pillar of the Digital Markets Act was to set up a harmonised market investigation framework across the 27-country bloc. One of the potential changes is putting an end to … The EU's competition chief, Margrethe Vestager, said Tuesday that the two proposals would ultimately serve a dual purpose. It is designed to … in 2019 as we expand into new markets, introduce new technology and find new ways to take care of our customers and our communities. For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. With the review of the Market Definition Notice that the European Commission has just launched, it is attempting to adapt this central antitrust tool to the reality of multi-sided platforms and network effects. © Copyright Red Pixels Ventures Limited 2021. The second piece of legislation, the Digital Markets Act, or DMA, will only apply to big companies that are seen as "gatekeepers." By Reuters | Updated: 30 October 2020 16:46 IST, Tougher New Rules for Tech Giants, More Power to Enforcers: Europe Antitrust Chief, Jio की सर्विस बेहतर बनाने के लिए कंपनी ने Airtel से मिलाया हाथ, PUBG Mobile ने पांच दिन में बैन किए 16 लाख से ज्यादा अकाउंट, ये हैं कारण, JioFiber का डाटा फ्री में 1 महीना करें इस्तेमाल, जानें प्लान. Big Tech had expressed concerns about the new rules in the runup to their presentation. Additionally, the European Commission presented a second piece of legislation: the Digital Services Act. The remedies could ultimately include forcing companies to divest if they breach the rules systematically. Other practical changes include: companies like Apple and Google will have to allow users to uninstall apps that have originally come with their devices, and performance metrics will also have to be shared for free with advertisers and publishers. We want to hear from you. The Digital Services Act, due to be presented in early December, is expected to overhaul the management of content on platforms like Google and Facebook. EU-Wettbewerbskommissarin Margrethe Vestager will die Macht digitaler Plattformen begrenzen. The debate about competition issues and unfair practices specific to online platforms and the appropriate tools to tackle them was taken a step further by the European Commission (‘Commission’), which presented two legislative proposals on 15 December 2020: The Digital Services Act (‘DSA’) and the Digital Markets Act (‘DMA’). LONDON — Tech giants could soon face hefty fines and stricter controls over their behavior as part of sweeping new rules in the European Union. The EU's work on tech regulation has previously raised some concerns in the U.S., but Vestager believes this time is different. The European Commission is grouping together its initiatives relating to the functioning of online markets — including plans to regulate gatekeeper platforms — in a proposal called the Digital Markets Act, its digital policy boss Margrethe Vestager has said. Like the DSA, the DMA takes aim at the monopolisation of the tech sector and proposes sweeping pro … The DMA was prepared by Executive Vice President of the European Commission for A Europe Fit for the Digital Age Margrethe Vestager and by European Commissioner for Internal Market Thierry Breton, as members of the The members of the Committee on the Internal Market and Consumer Protection (IMCO) have an exchange of views with Margrethe VESTAGER, Executive Vice President of the European Commission for a Europe Fit for the Digital Age. The two pieces of legislation will have to be approved by European governments and lawmakers, but policy experts have suggested that the adoption could be quicker-than-usual at the EU level. The same official said that selling parts of the business would only happen "if no other remedy is available.". Get this delivered to your inbox, and more info about our products and services. Poco X3 Pro Unboxing & First Look: Poco F1's Spiritual Successor? Got a confidential news tip? Español. RIP LG Smartphones: Everything You Need to Know, These Awesome Google Pay Tips Will Make Your Life Much Easier, Instagram Reels Remix: Loved TikTok Duet? The Digital Markets Act (DMA) establishes a set of narrowly defined objective criteria for qualifying a large online platform as a so-called “gatekeeper”. She told CNBC that the latest step is part of a "global conversation about how to balance things," adding that "there are no surprises" in the new regulations for her U.S. counterparts. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Vestager: “Europa pronta per l’era digitale” Digital - … Skip Navigation Markets The 30-day method will reflect a 30-day moving average of all terminal market prices for the crop, ad-justed by the difference between the applicable na … Vestager will announce the new draft rules on December. ", Separately, Sinead McSweeney, VP of public policy at Twitter EMEA, said: "Twitter is committed to advancing the principles of the Open Internet and keeping people safe online. And that’s what the second set of rules we’re proposing – what we call the Digital Markets Act – is for. ", "We welcome the European Commission's publication of the Digital Service's Act and Digital Markets Act today, which come at a critical political juncture — in Europe and around the world.". "To make sure that we, as users, have access to a wide choice of safe products and services online. Il commissario europeo per la Concorrenza, Margrethe Vestager. On Dec. 15, the bloc will formally begin considering the Digital Markets Act, which would give regulators new firepower to go after digital platforms for alleged anticompetitive practices. 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. Digital Markets Act: Digital Services Act: Overarching objective: To enable competition by making it easier for new platforms to enter the market: To … Vestager will announce the new draft … In closing, I’d like to extend my personal thanks to Rudy van der Heil, who will be retiring from our board after 44 years of service. OnePlus Watch Unboxing & First Impressions: It's About Time! As the European Union prepares to unveil a major overhaul of its digital rules Tuesday, all eyes will be on the two officials who best embody the bloc's push against Big Tech: Margrethe Vestager and Thierry Breton.. The EU has been at the forefront of tech regulation, with new data privacy laws established in 2018. The idea is to give smaller app developers the same chance of being found and chosen by consumers. These criteria will … The politician has promised more oversight of search engines, online marketplaces, social media networks, and app sites to ensure fair markets. The Digital Markets Act is targeted at online gatekeepers. All Rights Reserved. Digital Markets Act: Dos and don'ts The centerpiece of Europe’s digital plans is aimed at boosting online competition in a world dominated by Silicon Valley. 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. EU Commissioner for A Europe Fit for the Digital Age - Executive Vice President Margrethe Vestager is talking to media during a virtual press briefing in the Berlaymont, the EU Commission headquarter on November 26, 2020, in Brussels, Belgium. ", "At TikTok, safety isn't a bolt-on or a nice-to-have, it's our starting point. 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. She will need to reconcile her proposal with those from EU countries and the European Parliament before it can become legislation. Companies like Apple and Google will also have to allow users to uninstall apps that have originally come with their devices. 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The EU's Competition Commissioner Margrethe Vestager received broad support on Tuesday (10 September) following her nomination as the Commission's Executive Vice President for Digital. Vestager said the second pillar of the Digital Markets Act was to set up a harmonised market investigation framework across the 27-country bloc. The DMA is the sister proposal of the Digital Services Act (DSA) tabled on the same day by the European Commission. La Commissione vara il Digital Services Act e il Digital Market Act. "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. Executive Vice President of the European Commission Margrethe Vestager addresses the media. "That proposal will have two pillars," Vestager told a European Policy Center event. 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The Digital Markets Act (DMA) is a legislative proposal by the European Commission submitted to the European Parliament and the European Council on 15 December 2020. Digital Single Market and competition During her introductory speech , Ms Vestager said: “Climate change and the digital transformation will affect every aspect of our daily lives”, pledging “not to make Europe more like China or the US, but more like itself”, with strong values and where markets … 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. "That proposal will have two pillars," Vestager told. Correction: An earlier version misstated how large the fines could be. "That proposal will have two pillars," Vestager told a European Policy Center event. 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. Bis Digital Services Act und Digital Markets Act Wirklichkeit sind, wird es noch Jahre dauern. In this context, the new Digital Markets Act aims to tackle behavior that closes these markets off. In my role as CEO and President, he has been a mentor, role model and That proposal will have two pillars. Sign up for free newsletters and get more CNBC delivered to your inbox. A Division of NBCUniversal. One senior EU official, who didn't want to be named due to the sensitivity of the issue, told CNBC the EU's aim is to enforce remedies that will lead to practical changes rather than fining those breaching the rules constantly.