Britain passes UK version of EU Digital Markets Act

Digital Products

The UK has passed a bill that would be a British version of the European Union’s Digital Markets Act (DMA). Lawmakers quickly debated the bill. Digital Markets, Competition and Consumer (DMCC) Bill before Parliament is dissolved on May 30 ahead of a general election in July.

The overarching objective of DMCC is to: Will become law If given royal assent, the bill aims to “promote regulation and competition in digital markets” and is due to come into effect later this year.

The bill is broadly similar to the DMA, which led the EU to designate big tech companies’ services and products as “gatekeepers” and impose stricter rules. The DMCC gives the Digital Markets Unit (DMU), part of the Competition and Markets Authority, the power to classify companies with “strong and established market power” and a “strategically important position” as having Strategic Market Status (SMS).

In particularSMS companies must adhere to the Code of Conduct set out by the DMU. These Codes of Conduct are based on fair trade, openness, trust and transparency. The DMU has a broad canvas to define the behavioral requirements for each company. If a company violates the Code of Conduct, it can be fined up to 10% of its global revenue.

Companies like Meta and Google Paying UK news publishers Google News (and maybe Even if it is an AI products). Others was suggested Apple Allow sideloading and third-party app stores on iOSAs in the EU, companies may be prohibited from prioritizing their own products or services in search results, although the specific requirements for each SMS have yet to be detailed.

The DMCC will also have implications on subscriptions, junk fees, fake reviews, ticket reselling, mergers, antitrust and consumer protection. For the first time, the CMA will have the power to impose large fines if it finds that a company is breaking consumer law – without having to go through the courts to do so.

There is already at least one concrete impact of the DMCC. Epic Games Pledged Bring that store in, Fortnite The company plans to release it on iOS in the UK in late 2025. The company had previously said it would bring the Epic Games Store to mobile devices in the EU. Later this year After the DMA came into effect.

We applaud the UK for passing the new Competition Act 🎉

Epic Games Store and Fortnite coming to iOS in the UK late 2025 🙏 pic.twitter.com/Szaw08vPya

— Fortnite (@FortniteGame) May 24, 2024

Update 5/24 4:20pm: Epic Games Store and Fortnite On iOS in the UK.

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“The UK has passed legislation that will be the UK’s version of the European Union’s Digital Markets Act (DMA). Lawmakers fast-tracked the Digital Markets, Competition and Consumer (DMCC) Bill through Parliament…”
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