Products You May Like
Britain’s competition watchdog outlined a new regime for regulating tech giants such as Google and Facebook, saying it needed new powers to harness the full potential of digital markets and drive competition and innovation.
It proposed a new, legally binding code of conduct, pro-competitive interventions in the market and enhanced merger rules, overseen by a Digital Markets Unit that was announced by the government last month.
The new regime, which will require government legislation, will be part of a wider regulatory framework for digital markets, including new rules for harmful online content and data protection, the CMA said.
“For that to happen, the UK needs new powers and a new approach,” he said on Tuesday. “In short, we need a modern regulatory regime that can enable innovation to thrive, while taking swift action to prevent problems.”
© Thomson Reuters 2020
Are Micromax In 1b, In Note 1 good enough to take the brand to the top in India?? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.