What about the Digital Markets Act (DMA)?

Enhancing business success through smarter korea database management discussions.
Post Reply
Reddi2
Posts: 254
Joined: Sat Dec 28, 2024 10:18 am

What about the Digital Markets Act (DMA)?

Post by Reddi2 »

MB: This is a new regulation that will affect large technology companies that act as gatekeepers in the digital market environment, according to the criteria of the European Commission. The Digital Markets Act aims to establish new rules that facilitate the establishment of a competitive environment in digital markets, avoiding legislative fragmentation of the internal market by the regulations that are being carried out at a national level in this area.

DSA/DMA Digital Markets

WAM: What is the reason for this proposal?

MB: This is in response to the European Commission's view that, due to the diverse lebanon phone number data impacts their services have in different economic and social spheres, they have the capacity to establish their own paradigm and are sometimes even capable of controlling entire ecosystems of platforms.



WAM: What impact can they have on consumers?

MB: The initiatives aim to strengthen the protection of consumers and their fundamental rights online, establishing a robust framework of transparency and accountability for online platforms and in turn boosting innovation, growth and competitiveness in the single market.

Ultimately, it is about fostering a fairer business environment for companies that are, in some way, dependent on large companies to offer their services in the single market and ensuring that consumers can choose between more and better digital services.

How does DSA/DMA affect consumers?

WAM: There are two proposals at the moment. Is there a chance that they will be approved? When could they come into force?

MB: In order to proceed with any possible processing, the European Parliament and the Member States will first have to debate the Commission's proposal under the ordinary legislative procedure. This process may take months, even years , depending on the amendments and consensus that this legislative proposal generates. If both regulations are finally adopted, they will become directly applicable throughout the European Union.
Post Reply