The UK Government has published its response to the consultation on a new regulatory regime for digital markets on May 6, 2022.
The regime aims to promote competition in digital markets for the benefit of consumers. It will be targeted at a small number of firms designated with having Strategic Market Status (“SMS”) in relation to specific digital activities. It will be enforced by the Digital Markets Unit (“DMU”), which is currently operating within the Competition and Markets Authority (“CMA”) in shadow form, pending legislation.
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