The EDPS published Opinions today on the European Commission’s proposals for a Digital Services Act and a Digital Markets Act.Both Opinions aim to assist the EU legislators to shape a digital future rooted in EU values, including the protection of individuals’ fundamental rights, such … Thomas Philippon, Professor of Finance at New York University, answers our questions. digital markets act Crypto country: Here's how a crypto ban could hurt India in several ways Regulatory uncertainty is a big debilitating factor for any industry, and all the more for a nascent one. Yesterday the European Commission unveiled its much-expected proposal for a Digital Markets Act. Digital market forces drive huge efficiency gains. The Digital Services Act package’s legislation focused on content moderation will remain a … Commission that will have the competence to designate gatekeepers. Download the Report Introduction This paper reviews ongoing deliberations surrounding the EU Digital Services Act (DSA) and Digital Markets Act (DMA) and discusses possible implications of upcoming legislation for European innovation, the business models of U.S. companies serving European customers, and global digital services standards. search and browser, app stores and operating systems, or social media and instant messaging. In practice, companies who self-assess that they meet the quantitative thresholds must notify the Commission; and once the Commission has all the information it needs, in principle, the designation is a The European Commission concluded both public consultations in September 2020. On February 10, 2021, the European Data Protection Supervisor published two opinions on the European Commission’s proposals for a Digital Services Act and a Digital Markets Act. One of them, the Digital Markets Act, defines “do’s and don’ts” to address imbalances in digital markets. What is the Digital Markets Act? 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. After lengthy consultations and many rumors and leaks, the European Commission has released its public draft of the Digital Markets Act (DMA), which, along with the Digital Services Act (DSA,) represents the first major overhaul of EU Internet legislation in the 21st Century. The Digital Services Act and Digital Markets Act are two recent landmark legislations from the European Union. The Digital Markets Act introduces rules for platforms that act as "gatekeepers" in the digital sector. The Digital Markets Act is an important starting point to build competitive, fairer and more innovative digital markets, by mitigating the imbalance of power between a few large gatekeeping platforms and their users and competitors. Digital Markets Act. These are platforms that have a significant impact on the internal market, serve as an important gateway for business users to reach their customers, and which enjoy, or will foreseeably enjoy, an entrenched and durable position. EU DIGITAL SERVICES ACT AND DIGITAL MARKETS ACT: WHAT ARE THE IMPLICATIONS? The Digital Services Act (DSA) and the Digital Markets Act (DMA) have two main goals: to create a safer digital space in which the fundamental rights of all users of digital services are protected and to establish a level playing field to foster innovation, growth, and competitiveness, both in the European Single Market and globally. File size: 941.59 KB File type: pdf. EDPS Opinion on the European Commission's proposal for a Digital Markets Act. WIK Online Workshop 23 March 2021 Debating the EU Digital Markets Act Who are the “gatekeepers” and how should they be regulated? Our general impression is that it is a solid and sophisticated piece of work with a fairly wide scope of application (i.e., going beyond the GAFA), which would place significant constraints on digital gatekeepers. Digital Markets Act Impact assessment support study : annexes Publication metadata Download and languages Close. On December 15, 2020, the European Commission proposed an ambitious new set of rules, the Digital Markets Act (DMA), which could be adopted by the European legislature by mid-2022. Following the European Commission’s proposal for the Digital Markets Act (DMA) to foster a fair and competitive online economy, CERRE presents its report “Digital Markets Act: Making economic regulation of platforms fit for the digital age“.. Our first take on the Digital Services Act (DSA) and Digital Markets Act (DMA) The Digital Services Act will change the rules for handling of illegal or potentially harmful content online, the liability of online providers for third party content, vetting obligations of third party suppliers and the protection of users' fundamental rights online. "The Digital Markets Act", she went on to remark, "will say to giant companies: you are more than welcome to do business in Europe, you are more than welcome to be successful, but there is a list of do's and don'ts when you reach that gatekeeper position in order for fair competition to be there and serve consumers in the best possible manner. But they also create winner-take-all dynamics that can, left … Together these proposals aim to ensure that users are safe online and that digital markets … On 15 December 2020, the EU Commission published its long-awaited draft proposals for the Digital Services Act package, including the Digital Services Act (DSA) and Digital Markets Act (DMA). 10. The Digital Markets Act is still expected on December 2, one EU official said. Feb. 2021. DIGITAL MARKETS ACT 11 January 2021 Exchange of views Internal Market Committee European Parliament. The DMA is the EU’s proposed solution for how to preserve effective competition in the space where the largest digital platforms operate. In December 2020, the European Commission published proposals for a “Digital Markets Act”, which would apply regulatory controls on “gatekeeper” platforms which act as vital gateways to the digital economy. It will undergo the classic “co-decision procedure,” which requires the approval of both the European Parliament and EU countries. On 15 December 2020, the European Commission published its proposal for a Regulation on contestable and fair markets in the digital sector, known as the Digital Markets Act (DMA). The Digital Markets Act – the role of gatekeepers Virtual debate. In December 2020, the European Commission released its proposal for the Digital Markets Act (DMA), the EU’s attempt to curtail Big Tech’s power and revive competition on the internet. Digital Markets Act Impact assessment support study : executive summary and synthesis report Publication metadata. The digitisation of services has driven widespread innovation, increased competition and consumer benefits. The European Commission’s proposed Digital Markets Act would redefine the rules on how digital markets operate across the EU, by placing significant constraints on digital platforms considered to be “gatekeepers” for certain services. “Large gatekeeper platforms are dominant across different fields, e.g. Here is our (very preliminary) analysis in 10… Background • Over past years, worldwide reflection process about need for changes to current legal framework to allow for enforcement action preserving the competitiveness of markets The long-awaited Digital Markets Act proposal was published by the European Commission this week, alongside the Digital Services Act proposal. With the Digital Markets Act, the European Commission wants to put an end to dominant positions by better regulating competition in the digital market. The Commission is expected to publish a legislative proposal by the end of 2020. Digital Markets Act Print. The European Union’s proposed Digital Markets Act will attempt to control online gatekeepers by subjecting them to a wider range of upfront constraints. In Europe, governments are proposing ex ante rules to increase digital markets’ contestability and fairness. Opinions Digital Markets Act. The proposal will likely merge the DSA and the NCT into a single legislative framework, currently known as Digital Markets Act (DMA). Back to events. But will this regulation make the European Union more competitive internationally? The draft legislation gives specific regulations to limit the powers of global internet companies like Google, Apple, Facebook and Amazon in the European market. The European Commission has published its Digital Services Act (DSA) and its Digital Markets Act (DMA), shaping how online content and competition will be regulated in Europe. Il Digital Markets Act è uno degli atti normativi a cui l’Europa lavora per riequilibrare i rapporti di forza con le big tech. 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