Final Agreement Reached on Digital Markets Act: A Paradigm Shift In Digital Regulation

March 29, 2022

On Thursday, March 25, 2022, the European Parliament and EU Member States reached agreement on the final text of the Digital Markets Act (DMA).

The DMA marks a paradigm shift in the regulation of digital markets, giving the European Commission unprecedented powers to regulate leading digital platforms and setting a global standard for other jurisdictions that are developing similar rules.  It is the most notable of a wave of new regulation in the US, UK, Europe, and Asia because of its geographic reach, the broad scope of its rules, and the severe consequences of non-compliance.

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