The European Union wants to tackle issues of interoperability, data access and vendor self-preference with its landmark DMA legislation.
Members of the European Union have confirmed the rules that will make up the new Digital Markets Act (DMA). The legislation is intended to rein in the power of large tech corporations such as Apple, Amazon, Google and Meta, forcing them to change how they integrate digital services and handle customer data. In a press conference held early on Friday morning, Margrethe Vestager, the European Commission executive vice-president and commissioner for competition, said she expects the DMA to come into force “sometime in October.” To date, any concerns around antitrust has been dealt with by the EU on a case-by-case basis. This legislation is intended to reform the system and address what are seen as systematic issues that exist within the market. The text, which was provisionally agreed upon after an eight-hour long discussion between the EU Parliament, Council and Commission, targets large companies which are being called ‘gatekeepers’ which provide “core platform services” and are most likely to enact unfair business practices.
