As expected the DMA was a hot topic during the morning sessions of the Annual Charles River Associates Brussels Conference 2023. A few key takeaways: ➡ Spontaneous compliance: the hope among regulators appears to be that the DMA leads to "spontaneous compliance" among gatekeepers as compared with antitrust which leads to a "wait and see" approach (i.e., dominant companies wait until a complaint is issued to consider whether to adjust behaviour). However, it is an open question as to whether "spontaneous compliance" will materialise. ➡ Third-party views: input from business users will be key to alerting both the European Commission and NCAs to the (in)effectiveness of compliance. To that end, the ECN will organise a stakeholder conference for business users to extol the benefits and possibilities that the DMA can provide. ➡ EU vs. UK: comparing the approaches of the EU and the UK to digital regulation, the view was that the EU has prioritised "clarity and workability" developing a set of obligations that are "easily enforced". The UK has taken a more flexible and nuanced approach, potentially at the expense of time and resources required for implementation. ➡ Behavioural economics & choice architecture: Behavioural economics should play a significant role in developing and demonstrating compliance for the obligations relating to default settings, easy switching and self-preferencing. The DMA will only be effective if choices are presented to consumers in a suitable way. #BrusselsConference_CRA #DigitalMarketsAct #competition
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This week, I had the pleasure to visit Milan to complete my Academy Certificate in Investor Relations with Academy - Euronext Group! It was certainly a case of stepping out of the comfort zone of competition policy and public affairs but I have certainly learned a great deal about the subject over the last three months from a stellar group of experts and from an excellent group of classmates. Appreciate the support of Kekst CNC in encouraging me to undertake the course and expand my skillset. I look forward to applying this new knowledge to the challenges faced by our clients! #investorrelations
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EU Competition Policy launches an investigation into Apple's alleged non-compliance with the DMA and publishes preliminary findings on its investigation into non-compliance with the anti-steering obligation. With the investigations against Apple currently totalling 3, could it be the first candidate for the launch of a market investigation into systematic non-compliance next year, if the Commission finds infringements in all cases?
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Kekst CNC's Brussels team have taken a look at how businesses can begin to respond to the key policy trends that are emerging in the build up to the 2024 June EU elections. ⬇ Read more below ⬇
As we approach June’s #EUelection, what can business do as the next five weeks shape Europe for the five years to come? Rising geopolitical tensions, supply chain disruptions and looming right-wing populism set the backdrop for a fundamental reshaping of the EU Single Market, as Europe works to advance its competitiveness, economic security, and open strategic autonomy. Kekst CNC Brussels experts Adam Waters, Laure Botella, Matt Williams, and Pierre Gruson, analyze how business could be impacted by changes to capital markets, increased access to investment, a more industrial Green Deal, and a focus on tech innovation. Read the full blog here> https://lnkd.in/ewnR55Ap
Preparing for a Post-Election Single Market: How Can Business Respond?
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Margrethe Vestager spoke at today's EU Competition Day, organised by the Belgian Presidency of the Council of the European Union 2024 and the Belgian Competition Authority, as her two terms overseeing EU competition policy draw to a close. In her intervention - Which Competition Policy in Uncertain Geo-Economic Times? - Ms. Vestager remained resolute on her long-standing position on the interaction between competition and industrial policy. In short, "competitiveness is born out of free and fair competition", and that competition at home fosters competitiveness on the global stage. Whether this position can be maintained under a new Competition Commissioner remains an open question...
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