Delaying plans to enforce the DMA.
that the antitrust legislation, which introduces a new set of rules to curb the power of Big Tech, could be implemented as early as October of this year.
“The DMA will enter into force next spring and we are getting ready for enforcement as soon as the first notifications come in,” Vestager said during her speech at the ICN. As noted by, Vestager suggests that the Commission will be prepared to act against any violations made by “gatekeepers” — a classification that includes Meta, Apple, Google, Microsoft, and Amazon — as soon as the laws come into force.
In accordance with the DMA, gatekeepers will have three months to declare their status to the Commission, followed by an up to two-month wait period to receive confirmation from the EU. This wait period, coupled with the delayed DMA enforcement, could mean that we won’t start seeing any real battles between the EU and Big Tech until the end of 2023.
“This next chapter is exciting. It means a lot of concrete preparations,” Vestager explained. “It’s about setting up new structures within the Commission... It’s about hiring staff. It’s about preparing the IT systems. It’s about drafting further legal texts on procedures or notification forms. Our teams are currently busy with all these preparations and we’re aiming to come forward with the new structures very soon.
points out, the delay could also serve as a catalyst for criticism if the Commission fails to address any major violations that occur between now and the time the DMA becomes law.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A formerly 'inconceivable' E.U. proposal would mark a historic shift to relations with RussiaThe war is sweeping away old certainties. The proposed oil ban is the latest previously unthinkable way in which Russia’s relationship with the West has changed.
Read more »
Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach, and moreWhat was new last week in the DeFi world? From the European Commission rethinking its position to Virginia County putting pension funds into yield farming, our latest Finance Redefined brings you all the details.
Read more »
'Absolutely Despicable' EU Votes to Extend COVID Passes Until 2023The European Union’s parliament has voted to extend the bloc’s regime of COVID passes until 2023 despite harsh criticism from some elected representatives.
Read more »
Britain pushes tough tech rules under new digital watchdogBig tech companies like Google and Facebook parent Meta would have to comply with tough British rules under a new digital watchdog aimed at giving consumers more choice online.
Read more »