Competition Policy International’s Post

The CMA’s remit is set to expand with the introduction of the Digital Markets, Competition and Consumers (DMCC) Bill. The CMA has published an overview of the outcomes it will seek to achieve and the issues it will seek to address and sets out 11 principles underpinning how the CMA will carry out its new digital markets role. #CMA #DMCC #DigitalMarkets #Competition

The CMA’s remit is set to expand with the introduction of the Digital Markets, Competition and Consumers (DMCC) Bill. The CMA has published an overview of the outcomes it will seek to achieve and the issues it will seek to address and sets out 11 principles underpinning how the CMA will carry out its new digital markets role. #CMA #DMCC #DigitalMarkets #Competition

The CMA’s remit is set to expand with the introduction of the Digital Markets, Competition and Consumers (DMCC) Bill. The CMA has published an overview of the outcomes it will seek to achieve and the issues it will seek to address and sets out 11 principles underpinning how the CMA will carry out its new digital markets role. #CMA #DMCC #DigitalMarkets #Competition

Well, the new UK Digital Markets Regime, the DMCCA was finally passed - by the skin of its teeth - in wash-up! 🧼 But - after all the fanfare and plaudits - will its promise to pre-empt market tipping points live up to expectations, or will it be - a wash-out? 🌊 Read this Global Competition Review article for some helpful steers on what the private practice bar thinks the CMA should focus on, and what your favourite ex-staffer of the CMA thinks the DMU should avoid! 😉 Namely, no more red tape for red tape's sake! ❌❌❌ "Meanwhile, Ronan Scanlan, of counsel at Arthur Cox in Dublin, said competition practitioners have raised concerns over the introduction of another “regulatory rulebook” in an “increasingly crowded field”. Encouragingly, amendments in the course of the legislative process placed a great deal of emphasis on proportionality, higher legal thresholds for intervention and the recognition of countervailing benefits, he said. But the appeals standard for substantive decisions remains that of judicial review, he noted. As such, it is critical that the CMA continues to publish clear guidance on its approach, he said. Given that the DMCCA will come into force in an increasingly crowded field, with the DMA already well established, it has never been more important to encourage international cooperation, minimise divergence and avoid unnecessary regulatory burdens, he said." A reminder to submit your responses to the CMA's consultation on its draft guidance by no later than 12 July 2024. Happy to share my own thoughts in draft if helpful - just drop me a line. #DMCCA #DigitalMarketRegulation #CMA #DMU #allpunsintended #GCR #timedoesnotalwaysfly

In May 2024, the UK Competition and Markets Authority (CMA) published its draft guidance for the digital markets competition regime, as established by the Digital Markets, Competition and Consumers Act (the Act). In response to the public consultation, RBB submitted a reply setting out a number of observations. We acknowledge that the Act has the potential to deliver meaningful benefits to competition in the digital space. Moreover, the CMA’s commitment to adopting an evidence-based approach is welcome. However, implementation is not without risk. It has the potential to impose a significant regulatory burden on firms and to chill competition and innovation, to the detriment of consumers. The draft guidance exacerbates these risks by creating considerable uncertainty as to which firms and activities will be captured by regulation and failing to acknowledge that there is a well-recognised process for assessing substantial market power that can (and should) apply in respect of digital markets. We urge the CMA to provide more clarity, in line with established economic principles, to resolve these issues. Read RBB's response here: https://lnkd.in/evTMujd8 #CompetitionLaw #CompetitionPolicy #DigitalCompetition #RBBEconomics

We’ve published an overview of how we intend to operate the new Digital Markets competition regime once the Digital Markets, Competition and Consumers (DMCC) Bill becomes law. The overview document includes the principles that will guide us when implementing the new regime. This includes tailoring action to specific problems that are identified, focusing on where we can have the most impact for people, businesses, and the UK economy. We’ll also bring together groups of consumers, civil society, businesses, and investors to consult with and help prioritise our initial work. This is an addition to the 9 independent digital experts appointed last year. Sarah Cardell, our CEO, will speak later at the annual Concurrences Tech Antitrust conference in Silicon Valley about the regime, and how we’re working with businesses and stakeholders to ensure effective competition in digital markets. Read more: https://lnkd.in/e_CgFgmn #DigitalMarkets #DMCC

Just published - Competition and Markets Authority overview of the new #digitalmarkets competition regime 👇

Last week the CMA published an overview of its provisional approach to implementing the new #digitalmarkets regime set out in the #dmcc bill. For those needing a quick summary of the key takeaways and insights, Veronica Roberts, Kristien Geeurickx, Eve Meurgey and I have drafted this blog post: https://lnkd.in/evrqBqH5

The Competition and Markets Authority (“CMA”) published a high-level overview of how it intends to implement the new digital markets competition regime as currently proposed by the Digital Markets, Competition and Consumers (“DMCC”) Bill. In this article, Kate Newman and Sara Warner's discuss key takeaways from the document and future dates to note. #CMA #DMCCBill #DigitalMarketsRegime #Commercial #CompetitionLaw