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The Digital Markets, Competition and Consumers Act has now received Royal Assent and become law in the UK. This new legislation aims to protect consumers and promote fair competition, particularly targeting large technology companies.
Here’s a summary of the key points of the Act:
Consumer Protection:
Empowering Regulators:
Penalties:
Additional Oversight:
In essence, this Act is designed to create a fairer, more transparent market environment, especially in the digital space, benefiting both consumers and businesses by ensuring honest practices and fair competition.
See: https://www.gov.uk/government/news/digital-markets-competition-and-consumers-act-receives-royal-assent
07 Oct 2024
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