German and French antitrust watchdogs and their counterparts in the other 25 EU countries on Wednesday, June 23, argued for a bigger role in enforcing proposed tough new rules reining in Alphabet unit Google, Facebook, Apple, and Amazon.
The Digital Markets Act (DMA), proposed by the European Commission last year, targets online gatekeepers – companies that control data and access to their platforms – which thousands of businesses and millions of Europeans rely on for their work or social interactions.
Under the draft legislation, three or more EU countries can ask the EU competition regulator to open an investigation while a digital markets advisory committee made up of national representatives will be consulted on fines and non-compliance, reported Reuters.
The national antitrust agencies stated that giving them a bigger role in enforcement would make the DMA more effective and future-proof.
“These authorities have accumulated the highest level of expertise within the digital economy with respect to the practices of digital platforms which affect fair and open competition in their respective ecosystems,” the watchdogs stated.
“Enforcement powers could be shared, under the supervision of DG COMP, with national competition authorities, when appropriate,” they stated, referring to the Commission’s competition unit.
The agencies also asked for the power to start investigations on the basis of the DMA or called on to help during dawn raids.
France has slapped millions of euros in fines on Google and Apple in the last two years for anti-competitive practices while the German antitrust authority, beefed up with new powers, opened investigations into Apple, Google, and Amazon in the last two months.
Featured News
Google Wins Appeal Against EU’s €1.5 Billion Fine for Ad Monopoly Practices
Sep 18, 2024 by
CPI
Meta Introduces Teen Accounts to Address Growing Data Regulation Demands
Sep 17, 2024 by
CPI
FTC Lawyers Wrap Up Arguments to Block Kroger-Albertsons Merger
Sep 17, 2024 by
CPI
Financial Regulator to Monitor CNMC’s Ruling on BBVA-Sabadell Acquisition
Sep 17, 2024 by
CPI
Green Day Ticket Prices Spark Controversy Amid Dynamic Pricing Concerns
Sep 17, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández